Earlier quoted context omitted.
Xbox was poised to be an earthquake to the video game industry but they squandered with the execution. Hence the layoffs to quell the market . The rest of Microsoft might go the same way. I guess now I know what it felt like looking at IBM in 1989.
This IBM? https://www.livescience.com/technology/computing/ibm-will-bu... (Check attached papers)
The fact IBM still exists and is an important company is irrelevant. They lost control of the de facto computing standard. Microsoft could lose control as well.