Summary:
- Microsoft is cutting 650 jobs from its Xbox gaming unit, representing about 5% of the division's workforce.
- The job cuts are part of a broader round of layoffs affecting 10,000 employees across Microsoft, as the company aims to streamline operations and reduce costs.
- The Xbox gaming unit is being impacted by the job cuts, which will affect various teams within the division, as Microsoft seeks to adapt to changing market conditions and consumer preferences.