WS #11573
Microsoft cuts 4,800 jobs (2.1% of workforce), with Xbox unit hit hardest, as part of cost-cutting and restructuring amid AI investment push. Broadcom extends chip supply deal with Apple through 2031, boosting Broadcom shares ~4% and solidifying revenue stream. Samsung reports record Q2 operating profit of 89.4 trillion won (+1,810% YoY) but shares fall ~5% on profit-taking and one-off bonus provisions.
Microsoft layoffs and Xbox restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), with Xbox unit hit hardest, as part of cost-cutting and restructuring amid AI investment push.
Broadcom extends chip supply deal with Apple through 2031, boosting Broadcom shares ~4% and solidifying revenue stream.
Samsung reports record Q2 operating profit of 89.4 trillion won (+1,810% YoY) but shares fall ~5% on profit-taking and one-off bonus provisions.