MSFT ▲ +0.4% - Microsoft Corporation $MSFT XBOX plans to lay off hundreds of employees this week and consolidate several of its game studios, per The Information. It would be the division's second major staff reduction this year. Microsoft shares rose 0.4% today following reports that the Xbox division plans to lay off hundreds of employees and consolidate game studios, marking the second major staff reduction at the unit this year. The modest gain suggests investors view the restructuring as a cost-control measure, though the move underscores ongoing challenges in the gaming division. 22-SEP-2026 05:25 AM ET