Microsoft Is Closing Its Entertainment Studios, But Narrow Focus Is Likely Better For Xbox

 Microsoft let the ax begin to fall today, announcing 18,000 in job cuts to come over the course of the next year, a move Wall Street has so far applauded. A big part of that is going to be ex-Nokia staff, but Microsoft is also shuttering its nascent Xbox Entertainment Studios, according to an email memo unearthed by ZDNet’s Mary Jo Foley. The email talks about how Xbox Entertainment…