Microsoft lays off 4,800 employees in major restructuring, Xbox hit hardest

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Microsoft has announced the elimination of approximately 4,800 jobs as part of a significant company restructuring. The cuts represent around 2.1% of the company's total global workforce. Xbox has been particularly affected, with 1,600 of the job losses coming from the gaming division. The move signals a deliberate effort by Microsoft to streamline its operations across multiple business units.

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