Microsoft Corp.’s gaming division began informing employees of job cuts on Wednesday morning, initiating the process of widespread layoffs that staff have been expecting for the last week.Microsoft’s Stockholm-based King division,

BREAKING: As part of today’s cuts, Xbox has canceled the troubled Rare game Everwild, according to people familiar. News on the job cuts is coming in drips — not sure why Xbox didn’t announce it all at once — but I’ll report what I can as I confirm it.

Microsoft (MSFT) is starting “deep” cuts across its Xbox unit, Bloomberg’s Jason Schreier reports. Its King division, which makes Candy Crush, is laying off 10% of its staff, or about 200 jobs, while other European offices,