WS #11529
Microsoft cuts 4,800 jobs (2.1% of workforce), with significant Xbox division restructuring and studio divestments, signaling cost pressures. Trump announces Chinese President Xi Jinping will visit the White House toward the end of September, a potential de-escalation signal. BofA Securities boosts IBM price target to $330, citing strong Q2 and improving software mix.
Microsoft announces 4,800 job cuts, Xbox restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), with significant Xbox division restructuring and studio divestments, signaling cost pressures.
Trump announces Chinese President Xi Jinping will visit the White House toward the end of September, a potential de-escalation signal.
BofA Securities boosts IBM price target to $330, citing strong Q2 and improving software mix.