Microsoft plans another round of layoffs in its Xbox division next week, as part of a broader restructuring, says Bloomberg. This follows multiple cuts in the past 18 months, driven by scrutiny after the Activision Blizzard acquisition and aimed at improving profitability.

New reports indicate that Microsoft's planned layoffs of its Xbox games division may drastically affect its teams and entire development studios may close.

Microsoft is planning to cut jobs in the company’s Xbox gaming business, as early as next week. I first reported in Notepad earlier this month that Microsoft was planning Xbox layoffs “potentially by the end of the month,