Undead Labs boss discusses layoffs and employee ownership after leaving Xbox

Undead Labs studio boss Philip Holt said he is reluctant to share how many employees the studio lost as it became independent of Xbox, saying he would hate to reduce the impact on those individuals to a number or statistic. To gain independence, Holt set up a corporate entity called Full Measure that makes all employees shareholders, and said he submitted a management-led buyout offer that Microsoft thought was a good idea. Undead Labs was one of five studios divested in the initial round of Xbox layoffs, which affected 3,200 employees.