Microsoft to Lay Off 6,400 Employees, Half from Xbox Gaming Division Restructuring

BlockBeats News, July 6th - According to market reports, Microsoft (MSFT.O) is set to lay off 6,400 employees, with half of them coming from a restructuring of the Xbox gaming division. The layoffs account for about 2.8% of the total workforce. Microsoft is planning to sell off five studios, including Compulsion and DoubleFine.