WS #11535
Microsoft cuts 4,800 jobs (3,200 in Xbox) as part of a 'reset' due to weak hardware demand and AI cost pressures; MSFT stock falls 1%. Apple and Broadcom extended custom-chip partnership through 2031, with Broadcom supplying new ASIC silicon for Apple's AI server chips as early as 2027, bullish for AVGO and AAPL.
Microsoft Xbox Layoffs and Restructuring
Microsoft cuts 4,800 jobs (3,200 in Xbox) as part of a 'reset' due to weak hardware demand and AI cost pressures; MSFT stock falls 1%.
Apple and Broadcom extended custom-chip partnership through 2031, with Broadcom supplying new ASIC silicon for Apple's AI server chips as early as 2027, bullish for AVGO and AAPL.