WASHINGTON, July 7 — Microsoft said yesterday it was eliminating about 4,800 jobs — roughly two percent of its global workforce — in a cost-cutting move that will deliver a...

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.

"Our business today is not healthy," Xbox CEO Asha Sharma warned in a memo to staff Monday.

Microsoft eliminated approximately 2.1% of its global workforce