All signs point towards more cuts to come, basically.
ZeniMax studios seem to be the main target.
I think we were about to topple over.

Back in January,Activision Blizzard laid off nearly 2000 people.
With Game Pass growth stalled, it seems Xbox are becoming less willing to take risks on similar releases.
Today,someone nuked Phil Spencers Fallout 76 camp.
At the time of writing, it isnt clear if hes managed to rebuild it yet.