M icrosoft says that Phil Spencer, Microsoft Gaming CEO and the head of Xbox, isn’t retiring “anytime soon.” The company has responded to rumors of Spencer’s retirement, which have spread online today following Microsoft’s major layoffs.

Phil Spencer won't be retiring from his position at Xbox "anytime soon". Yesterday, Microsoft announced swathes of layoffs across the entire company, including its gaming division. The likes of Everwild, Perfect Dark and a new Zenimax MMORPG have been cancelled in the process.

Microsoft Gaming CEO Phil Spencer has been in charge of Xbox for over a decade and the company says he’s not leaving anytime soon, calling rumors that the longtime exec might be resigning when the next generation of Xbox hardware launches “completely made up.”