Microsoft is laying off thousands of workers, its second mass layoff in months and its largest in more than two years. The tech giant began sending out layoff notices Wednesday that hit the company's Xbox video game business and other divisions. The company declined to say how many people would be laid off but that it will comprise less than 4% of the workforce it had a year ago. Microsoft said the cuts will affect multiple teams around the world, including its sales division.

Throngs of gamers stood in long lines outside of stores hours before they opened from Tokyo to New York City in hopes of snaring a long-awaited Nintendo Switch 2 video game console. Enthusiasts have been clamoring for an upgrade to Nintendo's eight-year-old predecessor for years. Nintendo, which is counting on the Switch 2 to boost sagging sales, has added new social features meant to lure players into online gaming. The new console, released Thursday, comes with a larger and higher resolution screen than its predecessor, with improved processing power, offering smoother and more vivid graphics.

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NEW YORK— A strong December capped off a record year for the video game industry, with U.S. sales of software, hardware and accessories up 19 …