WS #11561

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Microsoft cuts 4,800 jobs (2.1% of workforce), including 3,200 from Xbox, citing unhealthy gaming margins and AI-driven restructuring. Broadcom extends agreement with Apple to supply custom chips through 2031, sending AVGO up ~4% pre-market.

Microsoft Layoffs and Xbox Restructuring

Microsoft cuts 4,800 jobs (2.1% of workforce), including 3,200 from Xbox, citing unhealthy gaming margins and AI-driven restructuring.

Broadcom extends agreement with Apple to supply custom chips through 2031, sending AVGO up ~4% pre-market.

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