Microsoft is laying off 650 employees in its Xbox games division, Bloomberg reported.The job cuts mostly affect corporate and support functions, per a memo from Phil Spencer.It follows previous layoffs and studio closures after Microsoft's $69 billion Activision deal completed. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topic ...