Microsoft posted a profit of over $36.6 bn for the quarter ending September, while unveiling a plan to cut up to 60,000 jobs.
Posts tagged as “Layoffs”
Netflix will report its next quarterly results amid a 6% staff cut, senior‑leadership turnover and a steep share decline, while analysts debate its growth path.
Nike chief executive Elliott Hill announced a new restructuring program called “Pace,” which will modernize the supply chain, create a campus in India and cut jobs beginning in 2027.
Xbox CEO Asha Sharma announced a significant restructuring involving 3,200 layoffs and the divestment of five internal studios, citing financial declines and a need to refocus on core business.
Industry analyst Joost van Dreunen suggests Xbox CEO Asha Sharma's next phase will focus on making the platform more efficient, a role she was reportedly hired for.