Microsoft plans to cut around 4,800 jobs, nearly 2% of its workforce, as part of a restructuring effort. | World News

Primarily impacts Xbox, but cloud workers also hit

Microsoft has announced it is cutting 4,800 jobs, including many in its Xbox division. This represents about 2.1% of its global workforce.

Microsoft announced plans to lay off 4,800 employees on Monday, confirming Business Insider's earlier report.

Microsoft eliminated approximately 2.1% of its global workforce