NYTIMES (James Paton) - Volkswagen Plans to Cut 50,000 Jobs
Facing growing competition from China and rapidly advancing technology, the German auto giant said Thursday its board had approved a “comprehensive” restructuring.
JUSTTHENEWS (Kevin Killough) - Uber to cut 3,300 mainly management jobs in massive restructuring
The decision is part of a massive restructuring aimed at trimming management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses.
YOUTUBE (NewsNation) - Xbox workers say they were 'set up to fail'
Xbox workers from Bethesda Game Studios and id Software are speaking out about Microsoft’s planned 3,200 job cuts — and warning that the consequences could reach far beyond the people losing their jobs. In this special episode of "Gamer Galaxy," Cher Hwang speaks with three current and recently laid-off Xbox studio workers represented by the Communications Workers of America: Nathan Hahn, a technical producer at Bethesda Game Studios; Andrew Willis, a producer at id Software and union bargaining-committee member; and Elisabeth Whyte, a former senior user researcher at Bethesda whose entire research team was eliminated.
YOUTUBE (NewsNation) - Xbox workers speak out after 'illegal' layoffs
Xbox workers from Bethesda Game Studios and id Software are speaking out about Microsoft’s planned 3,200 job cuts — and warning that the consequences could reach far beyond the people losing their jobs.
BITCHUTE - Ep 3946a - There Is Regime Change Happening At The Fed & Kevin Warsh Is Leading The Effort
BITCHUTE - Ep 3946a - There Is Regime Change Happening At The Fed & Kevin Warsh Is Leading The Effort
NYTIMES (Keith Bradsher) - How Volkswagen’s Troubles Were Made in China
The German auto giant’s push into China powered it for decades, but now the company faces fierce competition from Chinese automakers in markets around the world.
AXIOS (Dan Primack) - Microsoft dashes game developer dreams
Microsoft for years has been an active acquirer of gaming companies, including small independent ones. But that may be changing. Driving the news: The tech giant on Monday announced a giant restructuring of its Xbox unit, including thousands of job cuts and the divestiture of five gaming studios. - Two of the studios (Ninja Theory and Undead Labs) have undisclosed buyers, while two others (Double Fine and Compulsion Games) will be spun out to their founders. - A process to divest the fifth studio, France's Arkane, is just beginning. What they're saying: "Our business today is not healthy ... We must reset Xbox," group CEO Asha Sharma wrote in a memo. "We have also learned that we are not the best home for every type of studio: In a…
THENATIONALPULSE (Pulse Wires) - Microsoft Cuts 4,800 Jobs While Continuing to Hire H-1B Migrants.
Microsoft's latest layoffs, prominently affecting its Xbox divisions, coincide with ongoing H-1B visa filings, raising questions about the company's employment priorities in the AI era.
Microsoft’s latest layoffs , prominently affecting its Xbox divisions, coincide with ongoing H-1B visa filings, raising questions about the company’s employment priorities in the AI era. PULSE POINTS WHAT HAPPENED: Microsoft has laid off approximately 4,800 employees, representing 2.1 percent of its workforce, with significant cuts in its Xbox gaming and commercial sales divisions. The move comes as the tech giant continues to file large numbers of H-1B visa applications for foreign workers, sparking criticism of its workforce strategy. DETAIL: The layoffs are part of a broader restructuring effort as Microsoft shifts focus toward artificial intelligence (AI) and higher-margin projects across its operations. The Xbox division has…Open
ABCNEWS - WATCH: Saks exits bankruptcy with $500M financing and luxury-focused pivot
ABC News' Michelle Franzen and retail analyst Hitha Herzog break down Saks Global's restructuring, including store closures, workforce cuts and a strategic shift toward luxury retail and service.