Microsoft's Job Cuts In The Gaming Division Post Activision-Blizzard Acquisition Signal A Major Shake-Up But The Stock Experiences A 13% Year-To-Date Growth
Portfolio Pulse from Zaheer Anwari
Microsoft is cutting 650 jobs in its gaming division following its $69 billion acquisition of Activision-Blizzard. Despite these layoffs, Microsoft's stock has grown 13% year-to-date, reflecting a strategic realignment to manage its expanded gaming portfolio.
September 13, 2024 | 4:10 pm
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Microsoft is undergoing a strategic realignment in its gaming division, cutting 650 jobs post-Activision acquisition. Despite this, the stock has grown 13% YTD, indicating investor confidence in the company's long-term strategy.
The job cuts are part of a strategic realignment following the acquisition of Activision-Blizzard, which is a significant move for Microsoft. Despite the layoffs, the stock has shown a 13% growth YTD, suggesting that investors are optimistic about the company's future prospects. The layoffs are not expected to affect core game development, which may reassure investors about the stability of Microsoft's gaming operations.
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