Microsoft's Xbox division will be hit with significant layoffs next month, according to people familiar with Microsoft's plans.

The company has been preparing for the layoffs internally for weeks, with Xbox CEO Asha Sharma hinting about "making hard choices" last month. Sources suggest the cuts could even involve a studio closure, or changes to the Xbox studio lineup. In a recent Giant Bomb episode, rumors of 1,000 layoffs for Microsoft's Xbox division were mentioned. Bloomberg also reported today that the cuts would be "major," and involve budget cuts for marketing and other areas of Microsoft's Xbox business.

Moments before Bloomberg's r …

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The never-ending problem of scammers has made Valve decide to stop producing Steam gift cards.

The delayed Fable reboot is coming to Xbox Series X/S, PS5 and PC on February 23.

We played the opening prologue of the horror sequel, and it's still got ways to bring the scares.

This remake of the first Halo game's hits consoles on July 28.

Ubisoft is reportedly trying to cut costs without leaving key franchises like Rainbow Six: Siege in the lurch with a new round of layoffs.

The media giant is pushing to expand its mobile and gaming business.

Get ready to wince. 

After over a decade, Steam will no longer sell physical gift cards in stores. In a support page spotted earlier by Windows Central, Valve says it will no longer restock its gift cards once they run out, citing scammers who "continue to have an impact on Steam customers and other unsuspecting individuals."

In its post, Valve links to a Federal Trade Commission article outlining how gift card scammers attempt to convince victims to buy a gift card at a store and give them the code. Valve says it has responded to these scams by working with law enforcement, adding a warning to gift cards, and limiting their availability in stores, but "scammer …

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The RAMageddon crisis has got Microsoft rethinking its Xbox console hardware business. Xbox CEO Asha Sharma and Xbox strategy chief Matthew Ball have both revealed this week that Microsoft is reevaluating plans for its next-generation Project Helix console and exploring "radically different" console business models in the meantime.

"We are working very hard to rethink everything that we can about Helix, which is a console we are committed to shipping, and we are very cognizant of the ways in which we need to change as a company to make sure it is affordable, to make sure that it's flexible," said Ball in an interview with The Game Business …

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