Microsoft (MSFT.O) said it will cut 6,400 jobs, roughly 2.8% of its workforce; about half of the reductions are tied to a restructuring of its Xbox gaming division. The company will sell five studios, including Compulsion and Double Fine.

2026-07-06

Microsoft (MSFT.O) said it will cut 6,400 jobs, roughly 2.8% of its workforce; about half of the reductions are tied to a restructuring of its Xbox gaming division. The company will sell five studios, including Compulsion and Double Fine.

Other News
2026-07-06

Asia's loan market showed no rebound entering H2, with APAC excluding Japan loan issuance in USD, EUR and JPY down 15% YoY to $69.0 billion in H1 — the weakest first half in 16 years. Bankers say spillovers from the Iran war have delayed investment a

2026-07-06

Huatai Securities said robust AI supply-chain demand pushed South Korea's June exports well above expectations and lifted the trade surplus to a record high. Leading indicators show AI-related trade remains in a high-growth phase, implying Korea's ex