WS #11557
Microsoft cuts 4,800 jobs (2.1% of workforce), heavily impacting Xbox, as part of a restructuring to focus on AI, with stock down ~23% YTD. Broadcom and Apple extend chip supply partnership to 2031, with Broadcom providing custom chips for Apple, boosting AVGO and AAPL.
Microsoft Layoffs and AI Pivot
Microsoft cuts 4,800 jobs (2.1% of workforce), heavily impacting Xbox, as part of a restructuring to focus on AI, with stock down ~23% YTD.
Broadcom and Apple extend chip supply partnership to 2031, with Broadcom providing custom chips for Apple, boosting AVGO and AAPL.