Xbox CEO Asha Sharma Bloomberg/Getty Images Microsoft's Xbox plans to cut 3,200 employees, or about 20% of its workforce, this fiscal year. Microsoft announced plans to lay off around 4,800 employees on Monday. Of those, 1,600 come from Xbox layoffs and studio spinouts. Microsoft's Xbox division plans to cut 3,200 employees this fiscal year, according to a memo new Xbox CEO Asha Sharma sent to employees on Monday. Microsoft announced plans to lay off around 4,800 employees, or 2.1% of its glob