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Microsoft news recap: laying off 700 more employees, audited over tax diversion in New Zealand and more

Microsoft (MSFT) news recap is a weekly feature highlighting the top Microsoft news stories of the past week. Sit back, grab some coffee, and enjoy the read!

Microsoft rumored to lay off 700 employees soon

A new report indicates that Microsoft may be preparing to lay off 700 more employees soon. In recent times, we’ve seen lay offs from its mobile division, however, it is unknown where these additional lay offs will be coming from – it is likely to affect Windows 10 Mobile to some degree.

Microsoft has started shipping its HoloLens mixed reality headset in Japan

A month ago, Microsoft opened up pre-orders for its HoloLens mixed reality headset in Japan. Now, the company is already shipping out the device to those who have pre-ordered. China is set to be next to see orders begin shipping.

Microsoft, Volvo, and Cortana offer a glimpse of a sexy driverless car future

In a new video, Microsoft and Volvo are showing off the future of the car – with integration of Cortana and Microsoft Wallet. The video shows how the new in-car experience will increase productivity and free workers from having to be at the office as often.

Microsoft outspent Sony in December on TV ads for gaming

For the holiday season, Microsoft spent the most on TV advertising, $31.4 million, compared to Sony’s $18.7 million, despite Sony still leading in terms of sales of its console for December.

iSpot TV December 2016 ad spend

Image credit: VentureBeat

Microsoft New Zealand audited over tax diversion questions

Microsoft New Zealand is finding its tax arrangements are being audited by the Inland Revenue Department (IRD) due to the company using a practice known as ‘transfer pricing’. It is a practice used to minimise tax cost, however, in itself, it isn’t illegal, but there are grey areas which can mean a company could step over the line and begin minimising tax illegally. It is for this reason that Microsoft is finding itself being investigated.

That’s all for this week – we’ll be back next week with more!

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