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Microsoft cuts 4,800 jobs, as Xbox unit downsizes and plans to spin off four gaming studios - CNBC

Microsoft is cutting jobs in its commercial business and its Xbox gaming group, where revenue has been shrinking.

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Microsoft is eliminating 4,800 jobs, representing 2.1% of its workforce, with the company's Xbox division losing about one-fifth of its staff in the software giant's latest effort to cut costs in the… [+3461 chars]

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