Microsoft and Xbox layoffs today: Tech giant cuts 4,800 jobs, including 20% of video game staff, amid AI shift

The company announced on Monday that it’s downsizing its workforce by 2.1% in its latest round of cost cuts. Microsoft announced on Monday it is laying off 4,800 employees, or 2.1% of its workforce—with more to come—as part of a massive cost-cutting restructuring effort. The layoffs include major cuts from its Xbox division.