A Bay Area city in San Mateo County at the eastern edge of the San Francisco Bay
Microsoft has announced 4,800 job cuts, or about 2.1% of its workforce, with roughly 1,600 Xbox roles eliminated immediately and another 3,200 Xbox reductions phased through fiscal 2027. The company has also said it will spin out or divest five smaller Xbox studios while redirecting resources into large AI investments and core businesses.
Robinhood has announced a 10% headcount reduction, affecting about 290 employees, while insisting the business has never been stronger. The move aims to flatten the organization and boost performance as markets show resilience and volume trends improve. The restructuring includes closing some open roles and is expected to incur about $20-28 million in costs.
Meta is pursuing a new cloud business to sell excess AI compute power and access to AI models. The move could generate revenue from its data-center footprint and compete with AWS, Google Cloud and Microsoft Azure. The plan has sparked immediate stock in the market but faces questions about ROI given Meta’s heavy capex.