WS #11558
Microsoft cuts 4,800 jobs (2.1% of workforce), with 3,200 from Xbox, as Game Pass subscriber numbers miss targets, signaling structural weakness in gaming division. Broadcom extends Apple chip supply deal to 2031, locking in ~20% of AVGO revenue and providing hedge against AI capex cycle.
Microsoft Layoffs and Xbox Restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), with 3,200 from Xbox, as Game Pass subscriber numbers miss targets, signaling structural weakness in gaming division.
Broadcom extends Apple chip supply deal to 2031, locking in ~20% of AVGO revenue and providing hedge against AI capex cycle.