Microsoft is cutting 4,800 jobs, just over 2% of its global workforce, citing a need to revamp its sales and consulting division to keep pace with a rapidly changing tech industry, while overhauling i...

Microsoft outlined a series of layoffs on Monday that Xbox CEO Asha Sharma described as “ the most significant restructure in Xbox history .”

“Our business today is not healthy,” said a memo from Xbox CEO Asha Sharma, who took over the gaming division earlier this year.