WS #11518
Microsoft is laying off 4,800 employees (2.1% of workforce), with Xbox cutting 3,200 jobs and spinning off four studios, as the company restructures amid AI transition. TeraWulf secured a multi-year lease with Anthropic for an AI infrastructure campus in Kentucky, projected to generate $19 billion in revenue, driving WULF shares up. Broadcom and Apple have entered a long-term ASIC partnership through 2031, boosting AVGO shares by 5%.
Microsoft layoffs and Xbox restructuring
Microsoft is laying off 4,800 employees (2.1% of workforce), with Xbox cutting 3,200 jobs and spinning off four studios, as the company restructures amid AI transition.
TeraWulf secured a multi-year lease with Anthropic for an AI infrastructure campus in Kentucky, projected to generate $19 billion in revenue, driving WULF shares up.
Broadcom and Apple have entered a long-term ASIC partnership through 2031, boosting AVGO shares by 5%.