Microsoft (MSFT) will conduct another round of major layoffs in its Xbox division this week, with managers expecting substantial cuts across the entire group, Jason Schreier of Bloomberg reports, citing people familiar with the plans. This will be the fourth big layoff at Xbox within the last 18 months.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Trump Trade: Trump slams Powell while Fed chair appears before Congress
- Quantum Computing News: New Roadmaps, Real Timelines, and Rising Stocks
- Top Analyst Views Microsoft Stock (MSFT) as a ‘Key Beneficiary of AI Adoption’
- Video Game Layoffs Continue with Cuts at MindsEye and Splitgate 2 Studios
- Is ChatGPT Dumbing Us Down? MIT Study Says Yes
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue