Microsoft (MSFT) set to lay off 1,900 gaming division employees
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Oil prices jump 4% as fresh US-Iran fighting stokes supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- Dell again lifts annual forecasts as AI demand powers record results
- Fed’s Barr backs rate hike if inflation fails to cool, September odds hit 66%
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- S&P Global shares rise on report of possible CapIQ spinoff
Microsoft to lay off 1,900 Activision Blizzard, Xbox staff
January 25, 2024 9:31 AM ESTBy Aditya Soni
(Reuters) -Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024.
The cuts represent about 8% of the overall Microsoft Gaming division and will mostly happen at Activision Blizzard.
Blizzard President Mike Ybarra and Chief Design Officer Allen Adham are also leaving the company, while a previously announced survival game by Blizzard has been canceled, Microsoft said.
... MoreMicrosoft (MSFT) is laying off 1,900 Activision Blizzard and Xbox employees - Verge
January 25, 2024 9:19 AM ESTMicrosoft (NASDAQ: MSFT) is laying off 1,900 Activision Blizzard and Xbox employees - Verge
The cuts affect around 8% of the Gaming division... MoreU.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.26%
January 24, 2024 4:36 PM ESTInvesting.com U.S. stocks were mixed after the close on Wednesday, as gains in the Oil&Gas, Technology and Financials sectors led shares higher while losses in the Telecoms, Utilities and Basic Materials sectors led shares lower.
At the close in NYSE, the Dow Jones Industrial Average declined 0.26%, while the S&P 500 index gained 0.08%, and the NASDAQ Composite index climbed 0.36%.
The best performers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:... More
Microsoft (MSFT) Surpass $3 Trillion In Market Value
January 24, 2024 10:19 AM ESTMicrosoft Surpass $3 Trillion In Market Value
... MoreCiti expects Microsoft (MSFT) to post solid beat and raise, lifts stock price target
January 24, 2024 8:20 AM ESTCiti expects a solid beat and raise from Microsoft (NASDAQ: MSFT) when it reports earnings next week. The firm lifted its price target for the tech giant to $470 from $432 per share, maintaining a Buy rating on the stock in a note Wednesday.
The bank... More
Microsoft (MSFT) PT Raised to $470 at Citi
January 24, 2024 4:40 AM ESTCiti analyst Tyler Radke raised the price target on Microsoft (NASDAQ: MSFT) to $470.00 (from $432.00) while maintaining a Buy rating.
The analyst comments "We are reiterating our Buy rating, raising estimates and target price on MSFT. Our latest round of fieldwork (reseller survey,... More
Microsoft’s Bing, Edge to Avoid EU's Digital Dominance Crackdown- Bloomberg
January 23, 2024 8:53 AM ESTMicrosofts Bing, Edge to Avoid EU's Digital Dominance Crackdown- Bloomberg
... MoreMorgan Stanley raises Microsoft (MSFT) price target ahead of earnings on GenAI strength
January 23, 2024 7:08 AM ESTShares of Microsoft (NASDAQ: MSFT) climbed slightly in Tuesday premarket trading after Morgan Stanley analysts raised the price target on the stock from $415 to $450, suggesting an upside potential of more than 13.5% from the current share price.
MSFT closed 0.5% lower at $396.51 on Monday.
The PT hike comes as Morgan Stanley feels optimistic about Microsoft securing further share gins of the IT... More
