India, July 7 -- Xbox CEO Asha Sharma became the bearer of bad news on Monday as she announced the firm's decision to cut 3,200 jobs. As she admitted some big setbacks for Xbox in the recent past, she also put forth three major plans to mitigate the challenges.

In an email sent to employees, Sharma announced plans to reset Xbox's content portfolio, operations and platform. She admitted that the firm's business was "not healthy" and that it was operating at margins 3-10 times lower than its competitors.

Here are the three big resets announced by Asha Sharma:

Xbox is a gaming giant owned by Microsoft. In a big overhaul, Microsoft is reportedly planning to downsize by 4,800 people, approximately 3,200 gaming jobs from Xbox among them.

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