Xbox announced massive changes for the company today with huge layoffs, games being canceled and a lot more as the company brings Activision and Xbox into one unit.

Chapters:
Intro: 00:00-00:24
Layoffs 00:24-2:00
Phil's Letter 2:00-2:49
Who Got Cut 2:49-5:53
Bad Timing 5:53-9:08
Good Xbox News 9:08-11:26
FTC Takes a Look 11:26-14:45
Questions: 14:45-23:15