Industry whispers suggest Microsoft could be poised to layoff up to 2,000 employees across Xbox imminently.

Microsoft is planning to restructure parts of its Xbox business as it looks ahead to its next generation of consoles. One source tells me Microsoft is restructuring Xbox distribution across central Europe, resulting in some Xbox operations ceasing in some regions.

Microsoft Corp. will conduct another round of major layoffs in its Xbox division next week as part of a companywide reorganization.