Microsoft saw slower Azure growth and device execution challenges in a quarter where it took a $1.2 billion charge, mainly for cutting 10,000 jobs.
Laid-off employees across the tech sector enter an uncertain job market. Here’s what their previous employers have offered to tide them over.
Ahead of Wednesday’s session, the Nasdaq kept its rally going, now at seven straight sessions.
Microsoft said it’s letting go of 10,000 employees and taking a $1.2 billion charge as the software maker braces for slower top-line growth.
Microsoft had its hands full with Activision Blizzard but was also seeing how Figma’s software was taking off internally.
A bet on ChatGPT could help Microsoft boost its efforts in web search, a market dominated by Google.
These are the stocks posting the largest moves midday.
Shares of Microsoft dropped during a broader tech rally Wednesday after analysts at UBS said there is weakness ahead for the tech giant.
Testers at multiple U.S. ZeniMax video game studios voted in favor of joining a union. Microsoft’s support lines up with a previous commitment.
Microsoft said for the third largest console maker to be buying a major gaming franchise would’t overturn a competitive market. U.S. regulators don’t agree.
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