Microsoft lays off 9,000 employees, with major cuts to its gaming division. Xbox titles like Perfect Dark and Everwild have been canceled, and studios like Rare, ZeniMax, Raven Software and King are affected.

Reports and rumors of massive layoffs at Xbox have been building since late last month, and the first blood has now been spilled. Bloomberg reports that Candy Crush maker King is cutting 200 employees,

Microsoft Corp's gaming division laid off hundreds of employees on July 2, part of a broader culling at the software company as it seeks to control costs.