Stocks
Microsoft Faces New Round of Job Cuts Amid Broader Tech Market Slump
Microsoft's potential layoffs could impact around 5,700 roles, approximately 2.5% of its workforce.
The news comes amid a difficult stretch for Microsoft in the stock market, with shares falling 23% in the first six months of the year, marking their worst half-year performance since 2000.
However, the retail sentiment on Stocktwits has climbed upward since mid-last month and remains 'bullish' as of early Wednesday.