Topic: microsoft financial performance
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Phil Spencer: Xbox Future Strong Despite Microsoft Gaming Layoffs
Microsoft's gaming division is undergoing significant layoffs, including a 10% reduction at King and additional cuts across European and U.S. studios, as part of broader corporate restructuring. Despite workforce reductions, Microsoft reports strong financial performance, with record revenue of $...
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Microsoft shares $500M AI savings after 9,000 job cuts
Microsoft saved over $500 million through AI implementation, particularly in call center optimizations, while simultaneously reducing its workforce by over 15,000 employees. The company's strong financial performance ($26 billion profit, $70 billion revenue) contrasts with layoffs, sparking contr...
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CWA Slams Microsoft Layoffs Amid Record Profits: 'Corporate Greed'
Microsoft's layoffs of nearly 9,000 jobs, particularly in Xbox Game Studios, sparked backlash due to the company's record revenue and recent $70 billion Activision Blizzard acquisition. The Communications Workers of America (CWA) condemned the layoffs as unjust, criticizing corporate greed and em...
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Microsoft Cancels ZeniMax's New MMO, Lays Off Thousands
Microsoft's workforce cuts led to the cancellation of ZeniMax Online Studios' unannounced MMO "Blackbird", a new IP in development since 2018, with key team members confirming layoffs. The layoffs are part of Microsoft's broader restructuring, eliminating 9,000 jobs despite the company's $88.1 bi...
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