WS #11517
Microsoft cuts 4,800 jobs (2.1% of workforce), with Xbox division cutting 3,200 roles and spinning off four studios, confirming a negative restructuring signal. TeraWulf jumps 17% on a 20-year, $19 billion data center lease deal with Anthropic for AI infrastructure in Kentucky. Broadcom and Apple enter a long-term ASIC partnership through 2031, driving Broadcom stock up 5%.
Microsoft layoffs and Xbox restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), with Xbox division cutting 3,200 roles and spinning off four studios, confirming a negative restructuring signal.
TeraWulf jumps 17% on a 20-year, $19 billion data center lease deal with Anthropic for AI infrastructure in Kentucky.
Broadcom and Apple enter a long-term ASIC partnership through 2031, driving Broadcom stock up 5%.