WS #11330
Microsoft planning to cut thousands of jobs (less than 2.5% of 220,000 workforce) in third major round in over a year, affecting sales, consulting, and Xbox divisions; announcement expected next week. US jobs report misses expectations (57K vs 110K), crushing Fed rate hike bets; market pricing for July hike drops to 18%; WTI crude rises on weaker dollar; Bitcoin recovers above $62,000.
Microsoft Layoffs
Microsoft planning to cut thousands of jobs (less than 2.5% of 220,000 workforce) in third major round in over a year, affecting sales, consulting, and Xbox divisions; announcement expected next week.
US jobs report misses expectations (57K vs 110K), crushing Fed rate hike bets; market pricing for July hike drops to 18%; WTI crude rises on weaker dollar; Bitcoin recovers above $62,000.