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Benzinga
Benzinga
Business
Anusuya Lahiri

Xbox in Chaos: Why Microsoft Just Axed 4,800 Jobs

Xbox Microsoft Microsoft Corp Asha Sharma ETF Sony
Xbox shutterstock_2507081119

Microsoft Corp. (NASDAQ:MSFT) stock fell more than 1% on Monday after the company unveiled another round of layoffs, even as technology stocks rallied. The Nasdaq gained 1.83%, and the S&P 500 rose 0.83%.

4,800 Job Cuts

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