Microsoft is set to lay off thousands of employees worldwide, including cuts in its Gaming and Xbox division, as part of a global restructuring move.
The company confirmed Wednesday that fewer than 4% of its 228,000-strong global workforce will be affected, Variety reports.
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Microsoft Gaming chief Phil Spencer, in a memo to employees, said the changes aim to "increase agility and effectiveness" by reducing management layers and focusing on strategic growth areas.
A company spokesperson said the layoffs are part of “organisational and workforce changes necessary to position the company and teams for success in a dynamic marketplace.”