Xbox Restructures: About 3,200 Jobs Cut Through FY2027 as Company Refocuses on Fewer Franchises
Xbox will cut roughly 3,200 jobs through fiscal 2027 and shift from a broad studio-and-subscription model to concentrate on established franchises.
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Xbox will cut roughly 3,200 jobs through fiscal 2027 and shift from a broad studio-and-subscription model to concentrate on established franchises.
Honeywell completed its acquisition of Johnson Matthey’s Catalyst Technologies, boosting its catalysts and process-technology offerings for refining and renewable fuels.
Commerce and Bosch signed a direct funding agreement for up to $225M to expand silicon‑carbide chip production at a Roseville, California plant.
Standard Chartered began offering eligible institutional clients USDC minting and redemption via its Dubai arm; BNY Mellon announced a similar Circle-linked service days earlier.
The FTC obtained a proposed record $12M penalty against Edwards and Genesis, alleging they structured a 2024 med-tech deal to dodge HSR filing requirements.
HM Treasury designated AWS, Google Cloud, Microsoft and Oracle as the U.K.’s first Critical Third Parties, triggering joint Bank of England-FCA-PRA oversight.
Texas WARN filing shows 136 id Software layoffs tied to Microsoft's Xbox cuts, removing much of the studio's public headcount and raising concerns about lost technical knowledge.
The FTC and five states filed a proposed settlement requiring John Deere to give farmers and independent repair shops dealer-equivalent software tools and manuals for 10 years.
Apple and Broadcom extend ties through 2031 in deals set to exceed $30B, produce 15 billion U.S.-made chips and fund a $1.5B Fort Collins expansion.
A Connecticut federal judge revived a New York common-law fraud claim against Digital Currency Group and Barry Silbert in the Genesis Yield investor suit.
Toyota will invest $3.6 billion to double its San Antonio plant, add a second Tacoma assembly line and create 2,000 jobs as production shifts from Mexico.
TeraWulf said Anthropic will lease a 401 MW AI/HPC campus in Hawesville, Kentucky under a 20-year deal the company values at about $19 billion.
FCA review warns agentic AI could reshape UK retail financial services by 2030 and recommends seven regulatory steps to manage benefits and risks.
Navient told the SEC a ransomware attack on an outside law firm accessed borrower data — including names, addresses, dates of birth and Social Security numbers.
Krafton and Unknown Worlds reportedly settled a yearlong earnout dispute over up to $250M tied to Subnautica 2, with bonuses reportedly extended to all staff.
Seoul-backed 392 trillion-won package, led by Samsung and SK hynix, funds HBM, NAND, advanced packaging, AI data centers and biopharma in Chungcheong.
Ex-Goliath Ventures CEO Christopher Delgado pleaded guilty to conspiracy, wire fraud and money laundering in a crypto scheme tied to hundreds of millions of dollars.
DISH DBS and DISH Wireless filed prepackaged Chapter 11 on June 30 after an AT&T spectrum-sale delay left them unable to meet a $2.0bn July 1 debt.
The U.K. FCA finalizes a comprehensive crypto rulebook and timetable, requiring authorization by Oct. 25, 2027, with rules for platforms, custodians and stablecoins.
Rocket Lab will buy Iridium for about $8 billion in cash and stock, gaining a global LEO communications network, licensed spectrum and 2.55M subscribers.