WS #11525

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Microsoft cuts 4,800 jobs (2.1% of workforce), primarily in Xbox and commercial sales, citing AI-driven business transformation. Goldman Sachs raises AMD price target from $450 to $640 and Teradyne from $350 to $465, signaling bullish semiconductor outlook.

Microsoft announces 4,800 layoffs

Microsoft cuts 4,800 jobs (2.1% of workforce), primarily in Xbox and commercial sales, citing AI-driven business transformation.

Goldman Sachs raises AMD price target from $450 to $640 and Teradyne from $350 to $465, signaling bullish semiconductor outlook.

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