Industry
Microsoft Cuts 4,800 Jobs Today - Xbox Loses 20% of Staff and Four Studios
Microsoft cut 4,800 jobs today. Xbox loses 3,200 positions this fiscal year, with four studios sold or spun off and the sales division rebuilt around engineers.
Industry
Business and market news for tech - earnings, acquisitions, layoffs, EV market moves, and the deals shaping the industry.
AI
UN Convenes 193 Countries in Geneva for First Global AI Governance Dialogue
UN AI governance talks opened July 6 in Geneva. 193 countries. Big Tech CEOs. A scientist warning of catastrophic harm. No binding rules from this week.
AI
Amazon Mechanical Turk Closes to New Customers July 30 After 21 Years
Amazon is closing Mechanical Turk to new customers July 30. No new features planned. Existing users keep access to the 21-year-old crowdsourcing platform.
Industry
Meta Cut 8,000 Workers to Build AI Agents Faster. Zuckerberg Now Says the Plan Didn't Work.
Zuckerberg told Meta employees Meta AI agents are behind schedule. Four months after cutting 8,000 workers, the agentic bet is not producing as planned.
Tech
AI Claimed 31% of All June Job Cuts. Tech Employers Cut 83% More People Than Last Year.
AI led US layoff reasons for the fourth straight month. Tech employers cut 83% more workers than H1 2025. Oracle, Intuit, and GitLab all cited AI.