Microsoft stock (NASDAQ: MSFT) opened Thursday’s trading bell at $383 and has remained under pressure for over a month. The global software giant is facing scrutiny after announcing it will lay off 4,800 employees. The job cuts are especially from the Xbox department, and Amy Coleman, executive vice president and chief people officer, wrote in a public memo that “AI is changing how work gets done.” She added, “Our business is changing because the world around it is changing.