India, July 6 -- Microsoft is laying off 4,800 employees, which is about 2.1% of its total workforce. Most of the job cuts are happening in Microsoft's Xbox gaming division and its commercial sales business, Inside Xbox, the company is starting what it calls "the most significant restructure in XBOX history," according to Xbox CEO Asha Sharma's official statement.

Xbox plans to cut around 3,200 jobs during fiscal year 2027 (FY27). Out of those 3,200 jobs, around 1,600 employees are losing their roles immediately, while the remaining cuts will happen over the rest of FY27, according to the company's official statement.

These Xbox layoffs are separate from Microsoft's company-wide 4,800 immediate job cuts, meaning another 1,600 Xbox emplo...