WS #11570
Microsoft cuts 4,800 jobs (2.1% of workforce), with 3,200 in Xbox, as part of a restructuring to focus on AI. Broadcom extends chip supply deal with Apple to 2031, boosting semiconductor stocks; AMD, Western Digital, and others rally. Samsung projects record Q2 operating profit of $58.4 billion, up 1,810% YoY, driven by AI memory demand.
Microsoft layoffs and Xbox restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), with 3,200 in Xbox, as part of a restructuring to focus on AI.
Broadcom extends chip supply deal with Apple to 2031, boosting semiconductor stocks; AMD, Western Digital, and others rally.
Samsung projects record Q2 operating profit of $58.4 billion, up 1,810% YoY, driven by AI memory demand.