United Kingdom, July 7 -- Microsoft has axed 4,800 jobs.

The US technology giant has announced that it's axing 2.1 percent of its entire workforce, with the company's Xbox division set to bear the brunt of the latest round of lay-offs.

Asha Sharma, who recently took over as Xbox's chief executive, said on X: "This is an important email I sent today to all employees at XBOX:

"Team,

"We are beginning the most significant restructure in XBOX history. After careful consideration, I've made the difficult decision to reduce our team by approximately 3,200 throughout FY27. This will include approximately 1,600 role eliminations today, and in addition, four studios will leave XBOX to new management. I recognize that a year-long restructuring ...