Microsoft 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.

Xbox has responded to rumors claiming Phil Spencer is planning to retire following the launch of Microsoft's successor to the Xbox Series X, saying in no uncertain terms, "Phil is not retiring anytime soon.

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.”