WS #11538
Microsoft announces 4,800 layoffs (2.1% of workforce), with 3,200 in Xbox division; Xbox CEO says business is 'not healthy' with margins 3-10x lower than peers. Broadcom extends partnership with Apple through 2031 to develop custom chips for multiple Apple product generations, bullish for AVGO and AAPL. US Treasury draft warns of economic mayhem if AI mimics dotcom bubble, signaling potential regulatory headwinds for tech sector.
Microsoft layoffs and Xbox restructuring
Microsoft announces 4,800 layoffs (2.1% of workforce), with 3,200 in Xbox division; Xbox CEO says business is 'not healthy' with margins 3-10x lower than peers.
Broadcom extends partnership with Apple through 2031 to develop custom chips for multiple Apple product generations, bullish for AVGO and AAPL.
US Treasury draft warns of economic mayhem if AI mimics dotcom bubble, signaling potential regulatory headwinds for tech sector.