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.

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

Microsoft Corp. will conduct another round of major layoffs in its Xbox division next week as part of a company-wide reorganization. Managers within Xbox are expecting substantial cuts across the entire group,