Why is Microsoft firing most of their Xbox team?

Microsoft's Xbox team used to be absolutely huge, in the 5-digit amount of employees. Recently Microsoft announced that they will be significantly reducing, and firing something like 9 thousand people.

Why? 

I don't know.

But I can well guess.

Sure, Microsoft's Xbox team has probably been a huge money sink for a decade or two now. But why? Sure, their consoles are not the best-selling ones, and their games aren't the best-selling ones (and, ironically, over the last years they have killed more games than they have produced), but still... my guess is that that's not the sole nor even the main reason for the financial troubles.

Do you know what I'm guessing is the main reason why the Xbox team has been so inefficient and such a huge money sink into which hundreds of millions of dollars are being thrown into, and only a small fraction is coming back?

Well, over the past decade or so Microsoft has been very notoriously far-leftist, spouting all the far-leftist rhetoric and behaving in all kinds of cringe ways eg. during their public conferences. So I'm guessing: Their Xbox team has been a far-leftist "toxic positivity" hellhole for about a decade now. And, thus, their effectiveness and productivity has plummeted.

Way too many managers, way too many people bossing others around and imposing their far-leftist rules, and way too few competent developers capable and allowed to do their jobs. Too many brainwashed indoctrinated far-leftist university graduates trying to make the workplace an extension of their university campus, with all the same rules, restrictions and rules enforcement. Too many diversity hires, hired primarily for their skin color and other characteristics, with complete disregard to whether they are actually competent. Too many such diversity hires either doing nothing productive, or taking weeks to do tasks that would take even a semi-competent developer mere minutes.

Rather obviously Microsoft will never reveal whether this is the case, and thus we will never know (unless an insider whistleblower spills the beans), but that's my guess.