Another end to an era as the Official Xbox Magazine has closed down after being in circulation since November 2001.
Future said in a statement:
“Like many organisations right now, we find ourselves being forced into making difficult decisions. We have a duty of care to all our staff during this time and our focus is on protecting the business for them and for our customers. We have introduced a raft of measures to keep the numbers of lay-offs to an absolute minimum, including significant pay cuts for our Executive Team and Board. Whilst the decline in retail footfall impacts our magazine business, we are well placed with significant digital audiences and diversified revenues to continue delivering on our customers’ changing needs at this time.”
