Microsoft Sheds More Than 2% Of Its Staff As Xbox Division Undergoes Major Reorganization

Microsoft is firing more than 2% of its workforce as the Xbox division goes through a major reorganization. (Credit: Getty Images)

Microsoft announced its laying off more than 2% of its workforce, which is largely affecting the Xbox division.

Concretely, the company will eliminate 4,800 jobs. Microsoft's chief people officer Amy Coleman said in a message to employees that the "way technology is built, deployed, and used is transforming faster than at any point in my time here."