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

Microsoft is bracing for another major shakeup. The tech behemoth is expected to slash jobs in its Xbox division next week as part of a sweeping internal restructuring. Managers in the gaming unit are already bracing for substantial cuts,

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.