Microsoft began a new round of layoffs on Tuesday, affecting around 500 employees, primarily in its Xbox gaming division, and a small number of roles in other units like cloud + AI.
The latest cuts follow layoffs in July, when Microsoft said it would trim 2.1% of its global workforce, or about around 4,800 employees at the time.
The cuts are the latest step in Microsoft’s effort to slim down its gaming business after years of expansion and big acquisitions. Xbox is working through a plan to eliminate roughly 20% of its workforce by the end of Microsoft’s fiscal year, while reorganizing studios and deciding which businesses it still wants to…
