Microsoft announced mass layoffs on July 2 impacting many areas of the company’s sprawling business, including Xbox. Overall, Microsoft is said to be cutting 4% of its staff worldwide, affecting about 9,000 people. Microsoft is an enormous company that employs more than 200,000 people globally.

The exact number of cuts at Xbox is unknown, but Microsoft has confirmed layoffs at multiple studios, game cancellations, and entire studio closures. Read on to learn more about all the cancelled games and studio closures as a result of Microsoft’s latest cutbacks.

Microsoft Gaming CEO Phil Spencer sent a memo to staff today addressing the cuts, claiming the job losses were necessary to allow for the “enduring success” of Xbox.

“We will end or decrease work in certain areas of the business and follow Microsoft’s lead in removing layers of management to increase agility and effectiveness,” he said.

Spencer also addressed the fact that the cutbacks are coming at a time when business is booming for Xbox. “I recognize that these changes come at a time when we have more players, games, and gaming hours than ever before. Our platform, hardware, and game roadmap have never looked stronger,” he said.

The success of Xbox today is the result of “tough decisions” Microsoft made previously, Spencer said.

“We must make choices now for continued success in future years and a key part of that strategy is the discipline to prioritize the strongest opportunities,” he added. “We will protect what is thriving and concentrate effort on areas with the greatest potential, while delivering on the expectations the company has for our business. This focused approach means we can deliver exceptional games and experiences for players for generations to come.”

Microsoft’s stock-price slid slightly after the layoff news was announced, but the price has been trending upwards in the past five years and currently stands at a near-record high. Microsoft is currently the No. 2 most valuable company on the planet, only behind Nvidia.