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Microsoft gains 3% on layoff plans
Microsoft is planning to announce soon a reduction in its workforce that will include thousands of jobs, covering departments such as sales and Xbox gaming, as part of its efforts to cut costs and achieve financial savings. These layoffs will affect less than 2.5% of the company's total workforce of 220,000 employees, following a 3% decline in the company's stock price after the news spread. This move is part of a ongoing trend over the past three years of downsizing, with a focus on directing spending toward artificial intelligence.
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