Microsoft has cut 4,800 jobs, with many of the layoffs affecting the Xbox division, which is undergoing a significant overhaul. The move is described as a "reset" of the gaming division, with some reports indicating that thousands of jobs are being cut, although the exact number is unclear, with one report suggesting 3,200 jobs are being eliminated. The layoffs are part of a broader restructuring effort that also involves changes to Microsoft's salesforce.