Microsoft Outages & Job Cuts: Phil Spencer's Latest Moves!

Published: Sep 12, 2024 Duration: 00:03:17 Category: Science & Technology

Tags : stock market tech news Microsoft Phil Spencer msft microsoft stock msft stock microsoft 365 AT&T outage Activision Blizzard acquisition Microsoft Gaming gaming division job cuts

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[Music] buckle up folks because Microsoft is making headlines today and it's a mixed bag of connectivity woses and job cuts that we need to talk about first up if you've been battling access issues with Microsoft 365 and you're an AT&T user you're not alone Microsoft's got you kind of the tech giant announced that it's diving deep into a connectivity issue that's been leaving some users out in the productivity cold thousands of outage reports have hit the ether with users loudly claiming they can't access services like word excel and teams basically the backbone of remote work and Digital Life Microsoft confirmed through its Azure support account on X we are investigating customer reports of a potential issue connecting to Microsoft services from AT&T networks more details will be provided as they become available it's like trying to go to a party and finding out the door is mysteriously locked frustrating and kind of a buzz kill Microsoft also took to their official Microsoft 365 status account to direct users to Mo [Music] to go for updates now if you thought that was a shock to the system get this Microsoft also announced it plans to slice 650 jobs from its gaming division this news comes hot on the heels of its massive $69 billion acquisition of Activision Blizzard a deal that's about as subtle as a level 50 boss fight Phil Spencer Chief Xbox honcho broke the news in an internal memo clearly inspired by the austere Swedish method of Breaking Bad News get straight to the point these layoffs mainly hit the corporate and support functions within Microsoft gaming and Echo a larger strategy to align post-acquisition structure and get things lean and mean for long-term success in gamer terms it's like Microsoft just spe its character build to be more efficient in the next big raid but don't hit the panic button just yet a spokesperson made it clear that no games devices or experiences are getting asked and no studios are folding in gamespe the dungeon Lobby is still open just with fewer admins running around and in true big Tech fashion Microsoft is offering generous exit packages think of these like real world loot boxes but with Severance Healthcare extensions and outplacement services instead of pixelated Treasures these restructuring moves are all part of a broader reshuffle ever since Microsoft decided to team up with Activision Blizzard the job Cuts aimed to streamline operations and ensure the new teams integrate smoothly like when your favorite sports team drafts a bunch of new players and they have to figure out how to gel stockwise the buzz hasn't cratered Microsoft's value as of now the stock is trading at 2096 a minor dip of 49% notably Microsoft shares did a little happy dance earlier in the week closing up 2.2% at $ 42333 on Wednesday day so it's pretty much like stepping on a glomba rather than running into Bowser and that's the scoop on Microsoft today a roller coaster of technical glitches and strategic job Cuts but totally what you'd expect from one of Tech's behemoths navigating its way through the complex world of connectivity and gaming stay tuned for more updates as this story much like an RPG quest line is sure to have more twists and turns thanks for watching to the end remember this is just one story from our full Daily Show which includes all the other news and an analysis of the day's test Tech Market activity if you found this video interesting or insightful then please like subscribe and share it with others your support is greatly appreciated catch you later [Music]

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