Market Chatter: Microsoft Laying Off Around 500 Workers Mostly in Xbox Division

Microsoft (MSFT) commenced a new round of layoffs on Tuesday that will impact around 500 employees, mostly in its Xbox gaming unit, with a small number of roles affected in other divisions like cloud + AI, Business Insider reported, citing an internal memo.

Microsoft didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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