WS #11576
Microsoft cuts 4,800 jobs (2.1% of workforce), including 3,200 in Xbox, as part of AI-driven restructuring and gaming division reset. Samsung flags 19-fold profit jump but shares fall 7-8% as investors rotate out of tech into value, dragging KOSPI and Nikkei lower.
Microsoft layoffs and Xbox restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), including 3,200 in Xbox, as part of AI-driven restructuring and gaming division reset.
Samsung flags 19-fold profit jump but shares fall 7-8% as investors rotate out of tech into value, dragging KOSPI and Nikkei lower.