WS #11137
Microsoft reportedly planning layoffs of under 2.5% of workforce, impacting sales, consulting, and Xbox divisions, signaling cost discipline amid AI investment surge. US Commerce Department lifts export restrictions on Anthropic's Fable and Mythos AI models, enabling global enterprise and government access, bullish for AI/tech sector. South Korea exports surge over 70% YoY in June on record chip sales, reinforcing structural AI demand, though KOSPI falls on profit-taking.
Microsoft plans workforce reduction of ~2.5%
Microsoft reportedly planning layoffs of under 2.5% of workforce, impacting sales, consulting, and Xbox divisions, signaling cost discipline amid AI investment surge.
US Commerce Department lifts export restrictions on Anthropic's Fable and Mythos AI models, enabling global enterprise and government access, bullish for AI/tech sector.
South Korea exports surge over 70% YoY in June on record chip sales, reinforcing structural AI demand, though KOSPI falls on profit-taking.