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.”

News of Microsoft’s major layoffs today keep rolling in, as the company informs around 9,000 employees of the cuts. I’ve heard from sources that the Xbox user research team has been hit hard, with nearly half the team affected.

Microsoft Corp.’s gaming division began informing employees of job cuts on Wednesday morning, initiating the process of widespread layoffs that staff have been expecting for the last week. Microsoft’s Barcelona-based King division,