WS #11515
Microsoft lays off 4,800 employees (2.1% of workforce), with 1,600 Xbox jobs cut and four studios sold/spun off as part of a 'reset'. Marvell (MRVL) stock jumps as Nvidia's Kyber NVL144 delay opens competitive window for alternative AI hardware suppliers.
Microsoft Layoffs and Xbox Restructuring
Microsoft lays off 4,800 employees (2.1% of workforce), with 1,600 Xbox jobs cut and four studios sold/spun off as part of a 'reset'.
Marvell (MRVL) stock jumps as Nvidia's Kyber NVL144 delay opens competitive window for alternative AI hardware suppliers.