Microsoft plans another round of layoffs in its Xbox division next week, as part of a broader restructuring, says Bloomberg. This follows multiple cuts in the past 18 months, driven by scrutiny after the Activision Blizzard acquisition and aimed at improving profitability.

New reports indicate that Microsoft's planned layoffs of its Xbox games division may drastically affect its teams and entire development studios may close.

Microsoft is bracing for another major shakeup. The tech behemoth is expected to slash jobs in its Xbox division next week as part of a sweeping internal restructuring. Managers in the gaming unit are already bracing for substantial cuts,