Microsoft is cutting 4,800 roles, including 3,200 at its gaming division Xbox, as the company seeks to cut costs in an evolving landscape.

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

Most of the job losses are in Microsoft’s Xbox and commercial sales organizations.

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