Microsoft Denies Phil Spencer Retirement Amid Layoffs

Microsoft has denied rumors that Phil Spencer, CEO of Microsoft Gaming and head of Xbox, plans to retire soon, clarifying there are no imminent leadership changes. The speculation surfaced during a major restructuring that resulted in over 9,000 layoffs, several high-profile game cancellations including Everwild, Perfect Dark, and a ZeniMax MMO, and the closure of The Initiative studio. Communications chiefs and insiders, such as Jez Corden from Windows Central, have labeled the retirement rumors as fabricated. Spencer publicly defended the layoffs as necessary for the division's long-term success and strategic focus. Microsoft has assured stakeholders that games featured in their recent event are still on track for release. The company has not specified the timeline meant by 'anytime soon,' leaving the door open for eventual changes without confirming any immediate plans.