Phil Spencer has discussed the devastating wave of layoffs that has impacted the video games industry, and said he was "most concerned" about the overall "lack of growth".

The Xbox boss presided over the departure of 1900 people across Xbox and Activision Blizzard in January of this year, a decision he described at the time as being one aimed at achieving "a sustainable cost structure that will support the whole of our growing business".

Across the video games industry as a whole, more than 15,000 people are thought to have been let go over the past 18 months.

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