Xbox shutterstock_2507081119 Microsoft Corp. (NASDAQ:MSFT) stock fell more than 1% on Monday after the company unveiled another round of layoffs, even as technology stocks rallied. The Nasdaq gained 1.83%, and the S&P 500 rose 0.83%. 4,800 Job Cuts Microsoft will cut about 4,800 jobs, or roughly 2% of its workforce, as it resets its Xbox division.