Those layoffs are certainly sad and angering. As someone who was the victim of mass layoffs in the past, I can relate to anyone affected.
I hope MS is better on this than my last job though, I got laid off with 0 compensation 2 days prior to a holiday so they didn't have to compensate me for the said holiday.
As for what it means for MS and Xbox projects I'll wait until the dust has settled and we know exactly the extent of those in affected studios.
for now, I assume most affected are from Hololens, edge, and marketing divisions with only a few dozen hitting the Xbox divisions. It may look like MS decided to axe the next campaign for Halo but doubt it because I would think that if it were the case they would have bundled this announcement with the layoffs ones.
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