Meanwhile, Microsoft announcing some layoffs this morning, including some hefty cuts in gaming. Our Kate Rooney's on that story this morning. Morning, Kate.>> Hey, Carl. Good morning. So, Microsoft is eliminating about 4,800 jobs.That is roughly 2% of its global workforce. Biggest impact here appears to be on its Xbox gaming division where it's cutting about 20% of staff. So, this isn't Microsoft's first round of cuts, we should say.The company has been reshaping its workforce over the past few years as it ...

🚨 UPDATE: Microsoft is eliminating around 4,800 roles, equal to about 2.1% of its global workforce. https://t.co/2kKZgoPLOT ...

Microsoft lays off nearly 5,000 employees across Xbox, commercial sales https://t.co/DOBBXSvaM5 ...

Microsoft will cut some 3,200 jobs from its Xbox videogames division as it restructures the struggling business https://t.co/Dh2b3ZMgNr ...

Breaking. A few moments ago, Microsoft announcing 6400 layoffs, half of which will stem from its Xbox unit. Bloomberg's Jason Schreier covers the gaming industry.So, Jason, how much are these layoffs due to Microsoft's ailing fate in the stock market recently. And how much are they just just due to the fact that Xbox hasn't had a hit in forever. And what on earth are those staff doing.Yeah. So the Xbox organization specifically has been struggling for a couple of years now. They replaced their CEO in Februa ...

RT Brody Ford (@BrodyFord_)New: Microsoft is cutting thousands of jobs today, especially in Xbox where multiple studios will be divested. w/@jasonschreier https://t.co/KljHZCVvVH ...

Microsoft's Xbox division will cut 3,200 jobs and sell or spin off five of its subsidiary studios in a major overhaul to spur growth. https://t.co/HhgsfSkn9F ...