Microsoft, Xbox and layoffs
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Microsoft is reportedly preparing another round of layoffs that could affect thousands of employees across sales, consulting and Xbox as it continues investing heavily in AI.
Microsoft is planning job cuts that are expected to affect areas such as sales, consulting, and Xbox as it ramps up AI spending.
Microsoft stock gained ground last month amid bullish momentum for the AI trade. The company's share price has pulled back in June's trading in response to macroeconomic concerns.
