How do I create WebEx Meetings Breakout Sessions?

The Webex Meetings application now includes Breakout Sessions.
Breakout sessions are available on versions WBS40.9 and later. See Find Your Cisco Webex Meetings Version Number.
Here is a comprehensive guide - Cisco FAQ - breakout sessions overview and features
Here is a direct link for current known issues and limitations
This product will be regularly updated and evolve
Only Hosts and Co-hosts can create breakout sessions, assign participants, and start the sessions.

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Enable breakout sessions by selecting the breakout tab at the top. Check Enable Breakout Sessions.
Create the breakout session assignments. Either click this option in the top menu bar or the bottom (see arrows below)
From here you can create your breakout sessions, either filling them automatically or putting students in manually.
You will be presented with this screen, where you can create sessions and add students to each session.
Once you have created your sessions, press Start Breakout Session and the participants will be prompted to join their sessions.
Cisco is in the process of updating Webex breakout rooms. Learn more about Webex Breakout Sessions here.