Tough headwinds have the industry eyeing the reset button.

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Is Microsoft laying off 3,200 employees from the Xbox division just a new boss coming in and pruning an overgrown asset, or is it a sign that console gaming is coming to the end?

Guest: Jason Schreier, reporter at Bloomberg News, cohost of Triple Click, author of Play Nice, Press Reset, and Blood Sweat and Pixels.

Podcast production by Rob Gunther, Evan Campbell, Madeline Thames-Ducharme and Patrick Fort.

Paige Osburn is the senior supervising producer of What Next and What Next TBD.

Every Friday, Slate’s popular daily news podcast What Next brings you TBD, a clear-eyed look into the future. From fake news to fake meat, algorithms to augmented reality, Lizzie O’Leary is your guide to the tech industry and the world it’s creating for us to live in.