Report: Microsoft Layoffs Will Hit Xbox Division

According to this Bloomberg report, Microsoft is planning to cut a number of jobs in its Xbox division as part of an overall restructuring plan. Two anonymous sources familiar with the situation have told Bloomberg that overall cuts could end up being the biggest number of layoffs since 2009 when the company laid off 5,800 employees.

A number of Xbox jobs will reportedly be among those to be cut when Microsoft announces plans to significantly restructure its business later this month.

The shake-up may end up being the biggest in the company's history, topping the 5,800 jobs cut in 2009, two anonymous sources said to be familiar with the matter told Bloomberg.

As of June, Microsoft employs roughly 127,000+ staff, including 30,000 employees it picked up when it acquired phone maker Nokia.

The report claims that some of the cuts will hit marketing departments for businesses such as the global Xbox team, as well as engineering, while others will likely come from areas in which Nokia and Microsoft divisions overlap.

Microsoft declined to comment on the Bloomberg story, but those layoffs could be announced as soon as this week.

The last time that Microsoft made cuts within the Xbox division was in April, where it cut an unspecified number of employees…

We will have more on this story as it develops…

Source: CVG

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