Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, including a large number of workers at its Xbox video game business. The layoffs included 1,600 Xbox workers, with more to come this year in a broader reorganization designed to “reset” Xbox as it faces heightened competition,

Microsoft is laying off 4,800 employees, which is about 2.1% of its total workforce.

The restructuring is heavily focused on Microsoft's Xbox gaming operations, marking what the company described as the most significant reorganisation in the history of the business.