WS #11577
Microsoft cuts 4,800 jobs (2.1% of workforce), including 3,200 in Xbox, as part of a major restructuring, signaling ongoing challenges in the gaming sector. Samsung reports record Q2 operating profit of $58.4 billion, but Asian tech stocks fall on AI valuation fears, with KOSPI down 4-6% and Nikkei down 1.35%.
Microsoft Layoffs and Xbox Restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), including 3,200 in Xbox, as part of a major restructuring, signaling ongoing challenges in the gaming sector.
Samsung reports record Q2 operating profit of $58.4 billion, but Asian tech stocks fall on AI valuation fears, with KOSPI down 4-6% and Nikkei down 1.35%.