Xbox’s Massive Reset Stakes the Future on a Premium Helix Console

Gizmodo reports that Microsoft’s Xbox is undergoing a sweeping reset, cutting about 1,600 jobs and four studios, with a plan to trim around 3,200 more by year’s end as it doubles down on a costly next-gen effort called Project Helix. While the console team allegedly stays intact, memory-price pressures and a stagnant Game Pass (roughly 30 million subscribers vs. a 77 million target) push Xbox toward a hardware-first strategy, with potential streaming or PC/mobile angles. Past bets on aggressive pricing and a broad “Everything is an Xbox” strategy failed, and executives warn this could be the most significant hardware crisis in the industry. The question remains whether Helix can justify a premium price and revive growth, or whether this will be Xbox’s last major console push after repeated resets.