WS #11578
Microsoft announced 4,800 job cuts (2.1% of workforce) as it restructures Xbox and sales divisions to focus on AI, adding to mixed signals in the tech sector. Asian chip stocks slid as Samsung's record profit failed to calm AI valuation fears, with shares tumbling 9%, signaling potential weakness in the semiconductor sector.
Microsoft Layoffs and Restructuring
Microsoft announced 4,800 job cuts (2.1% of workforce) as it restructures Xbox and sales divisions to focus on AI, adding to mixed signals in the tech sector.
Asian chip stocks slid as Samsung's record profit failed to calm AI valuation fears, with shares tumbling 9%, signaling potential weakness in the semiconductor sector.