Video Games Industry Memo

Video Games Industry Memo

The Debrief, July 2026

Xbox cuts, EA nearly acquired and Steam revenues through the roof 📈

George E. Osborn's avatar
George E. Osborn
Jul 26, 2026
∙ Paid

  • Xbox cuts 3,200 jobs in latest purge

  • EA acquisition by Saudi Arabia’s Public Investment Fund gets EU go ahead

  • Steam revenues hit a record $11bn in first half of 2026

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The top stories

Avowed creator hit by Xbox lay-offs - Source: Obsidian

Microsoft lays off 3,200 Xbox workers

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