WS #11548
Microsoft cuts 4,800 jobs (2.1% of workforce), with 3,200 in Xbox division, spinning off four studios due to poor margins and hardware crisis; shares down 1.5%. Criteo stock surges 29% on Vista Equity takeover report; Strategy Inc. sells 3,588 BTC amid distressed-debt swap discussions and $8.32B unrealized loss. Morgan Stanley warns AI investors to rotate from semiconductor stocks to AI hyperscalers, picking AMZN, MSFT, and META as most attractive.
Microsoft Xbox Restructuring and Layoffs
Microsoft cuts 4,800 jobs (2.1% of workforce), with 3,200 in Xbox division, spinning off four studios due to poor margins and hardware crisis; shares down 1.5%.
Criteo stock surges 29% on Vista Equity takeover report; Strategy Inc. sells 3,588 BTC amid distressed-debt swap discussions and $8.32B unrealized loss.
Morgan Stanley warns AI investors to rotate from semiconductor stocks to AI hyperscalers, picking AMZN, MSFT, and META as most attractive.