Xbox cut 1,600 jobs on Monday, July 6 and will axe a further 3,200 jobs throughout the 2027 financial year - this comes after major job cuts at the video game company just two years earlier

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.