WS #11556
Microsoft announced 4,800 layoffs (2.1% of workforce), heavily impacting Xbox, as part of a restructuring to prioritize AI investments, with its stock down ~23% YTD. Broadcom and Apple extended their chip supply partnership to 2031, covering RF, Wi-Fi, and Bluetooth components, with Apple accounting for ~20% of Broadcom's revenue.
Microsoft Layoffs and AI Pivot
Microsoft announced 4,800 layoffs (2.1% of workforce), heavily impacting Xbox, as part of a restructuring to prioritize AI investments, with its stock down ~23% YTD.
Broadcom and Apple extended their chip supply partnership to 2031, covering RF, Wi-Fi, and Bluetooth components, with Apple accounting for ~20% of Broadcom's revenue.