Microsoft Offers Buyouts to 60,000 Staff and MSFT Rises…
By Tobi Opeyemi Amure
Source excerpt · FinanceFeeds
Microsoft offered voluntary exit packages to about 60,000 employees on Monday, roughly a quarter of its workforce, and the stock went up. MSFT traded at $531.60 by late afternoon, a gain of 1.35% on the session, after dipping to $521.69 as the Microsoft layoffs headlines landed. That reversal is the story, because the market initially sold the news before changing its mind. It then spent the sessi…