Microsoft Is Cutting 650 Jobs at Xbox Gaming Unit

650 employees at Xbox's games unit will be let go in Microsoft's third round of layoffs this year, Bloomberg reported first. The cuts arrive following the company's $69 billion USD acquisition of Activision Blizzard with Microsoft now reportedly attempting to lower costs.According to a memo sent to staff by Microsoft Gaming CEO Phil Spencer, the cuts will largely impact "mostly corporate and supporting functions," per Bloomberg. He noted that no studios will be closed nor will any games be cance...