WS #11572
Microsoft announced 4,800 job cuts (2.1% of workforce), with Xbox hit hardest (3,200 cuts) and four studios to be divested, signaling ongoing cost-cutting in gaming. Samsung reported record Q2 operating profit of 89.4 trillion won (+1,810% YoY) driven by AI memory chip demand, but shares fell ~5% on profit-taking and one-off bonus provisions. Broadcom extended its partnership with Apple to develop and supply custom chips through 2031, boosting Broadcom shares ~4% and reinforcing Apple's supply chain strategy.
Microsoft Layoffs and Xbox Restructuring
Microsoft announced 4,800 job cuts (2.1% of workforce), with Xbox hit hardest (3,200 cuts) and four studios to be divested, signaling ongoing cost-cutting in gaming.
Samsung reported record Q2 operating profit of 89.4 trillion won (+1,810% YoY) driven by AI memory chip demand, but shares fell ~5% on profit-taking and one-off bonus provisions.
Broadcom extended its partnership with Apple to develop and supply custom chips through 2031, boosting Broadcom shares ~4% and reinforcing Apple's supply chain strategy.