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GamesRadar
GamesRadar
Technology
Catherine Lewis

5 days after reports of 650 more Microsoft gaming layoffs, the company announces plans to pay out even more money to shareholders

Xbox Gamescom 2023 logo featuring a stylized city skyline in green.

Microsoft is set to start paying out even more to its shareholders in November, despite recent reports that the company is laying off 650 people from its gaming staff.

As reported by Bloomberg, Microsoft shareholders will soon see an increased quarterly dividend payout for every share they have. Come November 21, this is going up by 10%, to 83 cents per share rather than the current 75 cents. What's more, the company has announced a $60 billion scheme to buy back its stocks, replacing a separate program of the same value which Microsoft announced in 2021.

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