Microsoft Corp. (MSFT)
Microsoft hires former GE CFO Carolina Dybeck Happe as new operating chief
Carolina Dybeck Happe will join Microsoft from GE after its aviation and energy companies went public earlier this year. She will report to CEO Satya Nadella as the company works to mobilize around artificial intelligence.
Microsoft Eliminates Another 650 Positions at Xbox Gaming
Microsoft stock is down slightly after announcing another round of layoffs in its Xbox gaming division. Here's what you need to know.
Microsoft lays off another 650 from gaming division
Microsoft is laying off around 650 employees from its gaming division, according to an internal memo shared online by IGN. The latest cuts come eight months after the company laid off 1,900 in its gaming division, following its $68.7 billion acquisition of Activision Blizzard.
Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer
In a memo obtained by CNBC, Phil Spencer, CEO of Microsoft Gaming, told employees that the firm had taken the "difficult" decision to cut 650 roles at its Xbox division. Microsoft is making the redundancies to align its post-acquisition team structure following its blockbuster acquisition of Activision Blizzard for $69 billion.
Microsoft 365 down for thousands of users, Downdetector shows
Microsoft's suite of productive software was down for thousands of users on Thursday, according to outage tracking website Downdetector.com.
Microsoft Option Trade Could Return 28% In 5 Weeks
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Microsoft is reportedly axing 650 jobs in its Xbox games division — less than a year after closing its Activision deal
Microsoft is laying off 650 employees in its Xbox games division, Bloomberg reported. The job cuts mostly affect corporate and support functions, per a memo from Phil Spencer.
Microsoft to cut 650 support jobs in Xbox Games unit, Bloomberg News reports
Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein in costs and integrate its $69 billion acquisition of Activision Blizzard, Bloomberg News reported on Thursday.
OpenAI is reportedly raising at a $150 billion valuation — making it worth more than 88% of Fortune 500 firms
OpenAI is raising money at a $150 billion valuation — more than the market cap for Goldman Sachs. The startup is in talks to raise $6.5 billion from investors, including Microsoft and Apple.
Report: OpenAI Seeking $150 Billion Valuation in Funding Round
OpenAI reportedly aims to raise $6.5 billion from investors at a valuation of $150 billion. The firm also is seeking to raise $5 billion in debt from banks via a revolving credit facility, Bloomberg reported Wednesday (Sept.
OpenAI in Talks That Value Company at $150 Billion
The San Francisco start-up hopes to raise $6.5 billion as part of an aggressive push for more investment.
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