India, June 26 -- Microsoft employees are going to be hit by another wave of layoffs as the tech giant undergoes a broader corporate reorganisation. Microsoft's fiscal year end is just days away.

According to a report by Bloomberg, the latest layoff will affect thousands of employees, with Microsoft's Xbox and Global Sales divisions mostly taking the heat.

The company managers are buzzing that this will be a 'substantial' round of reductions. This will be the fourth layoff round in the company in just 18 months, especially for Xbox and the Global Sales and Marketing divisions.

Ever since Microsoft acquired Activision Blizzard for a whopping $69 billion in 2023, the pressure on Xbox to perform has been enormous. Expectations have been h...