Microsoft Lays Off Thousands of Xbox Employees and Sells Off Four Game Studios

Microsoft has announced 4,800 job cuts, a significant share of them in the Xbox division. According to The Verge, more than 30% of all the layoffs fall on the company's gaming arm.

The sweeping changes will touch nearly every part of Xbox. Beyond the layoffs, Microsoft has decided to sell off four game studios, which will continue to exist but will operate independently of the company.

The company describes what is happening as part of a broader restructuring of the business. Details about exactly which studios will be sold and the terms of the deal have not yet been disclosed.

This is not the first round of large-scale cuts in Microsoft's gaming division in recent years: the company has repeatedly reshaped its studio structure following the acquisition of Activision Blizzard and other gaming assets.

The company has not yet offered any official comment on what lies ahead for the affected employees or on how the changes will affect current and future Xbox projects.

Source: The Verge