Microsoft is laying off around 260 Xbox employees today, as part of an ongoing "reset" of its gaming business. 1,600 Xbox employees were impacted by layoffs in July, with Xbox CEO Asha Sharma describing the cuts as "the most significant restructure in Xbox history.
Source: [The Verge](https://www.theverge.com/news/998589/microsoft-xbox-layoffs-ninja-theory-closure)