On Wednesday, Microsoft announced it will lay off around 9,000 employees. It’s the tech company’s second round of major layoffs this year and its largest in more than two years, according to The Associated Press. Here’s everything we know about the cuts and how it’ll affect Microsoft moving forward.

The company is cutting up to 9,100 jobs, hitting Xbox and gaming teams hard. Microsoft is making a new round of deep cuts to its workforce, eliminating 9,000 jobs company-wide. The company began notifying employees of the layoffs,

While some other European gaming offices are also cutting, US units are reportedly being informed later Wednesday. Phil Spencer, CEO of Microsoft Gaming, sent an email to all Microsoft Gaming employees regarding the layoffs,