Xbox is only 6% of Microsoft's revenue—but one of its best-known consumer brands.

Asha Sharma unveiled sweeping changes at the Microsoft unit Monday, including downsizing that will impact 20% of staff.

Asha Sharma unveiled sweeping changes at the Microsoft unit Monday, including layoffs that will impact 20% of staff.

In an effort to save the one-time industry leader, Xbox CEO Asha Sharma on Monday announced 3,200 layoffs and the divestiture of four studios.