Big layoffs at Microsoft: Story in 5 points as many senior executives leaving, 1000s impacted

It seems like Silicon Valley is bracing for another wave of layoffs, as many major tech companies are firing employees in large numbers. Following the job cuts announced by Google, Meta, Amazon and other Silicon Valley giants, Microsoft has now revealed a new round of layoffs in its gaming division, which includes Activision Blizzard and Xbox. The layoffs will affect 1900 roles out of 22,000, cutting roughly 8 percent of the overall Microsoft Gaming division. The layoffs also follow the exit of a major executive of Microsoft.

Here is the story in 5 points: