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Wajeeh Khan

MSFT Stock Layoffs: What to Know as Microsoft Cuts Jobs in Xbox Unit

Microsoft (MSFT) shares are under pressure on Monday after the tech titan announced a sweeping corporate restructuring, shedding 4,800 jobs, which translates to about 2% of its global workforce.

The brunt of this retrenchment hits the firm’s struggling Xbox division, which is laying off 3,200 employees and spinning off or outright selling four of its game studios.

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