<ul data-eligibleForWebStory="false"><li>Microsoft is set to cut 4 percent of its workforce worldwide, impacting approximately 228,000 employees, including the gaming division.</li><li>Phil Spencer, Microsoft Gaming chief, mentioned the layoffs aim to streamline operations and increase agility.</li><li>As a consequence of the layoffs, Rare's upcoming original IP, Everwild, has been cancelled with employees at the Sea of Thieves developer likely to lose their jobs.</li><li>Former Microsoft Game Studios co-founder, Laura Fryer, criticized Microsoft's decision-making, citing lack of interest in hardware and first-party titles production.</li></ul>

Microsoft To Lay Off Thousands Across Company, Including Gaming Division

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