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

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.

According to a report from Bloomberg, Microsoft is planning "major" cuts at Xbox starting next week. All the latest news, reviews, and guides for Windows and Xbox diehards.