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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 ...

Microsoft (MSFT) stock is down slightly in Thursday's session after a leaked internal memo revealed the tech giant's decision to eliminate approximately 650 roles at its Xbox gaming division.

Microsoft is laying off a further 650 staff from its gaming business, according to a memo sent by Xbox chief Phil Spencer to staff today, September 12, and obtained by IGN. In the memo ...