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Microsoft reports $36.6 billion in quarterly net income as revenue grows 19%, days after offering voluntary buyouts to around 60,000 employees amid rising AI investments.
Amazon cuts up to 250 jobs in its devices and services division, primarily in software development, as it restructures teams to align with product priorities.
Innodata shares declined after a report raised concerns about potential layoffs at the company’s operations in India and the Philippines.
Netflix is planning to lay off approximately 1,000 employees, representing around 6% of its global workforce, in its largest round of job cuts since 2022.
Microsoft's Xbox gaming division is facing a strategic challenge as CEO Asha Sharma emphasises the importance of creating new intellectual property (IP), even as the business undergoes significant restructuring, layoffs, and project cancellations.
Kroger plans to eliminate about 3,000 corporate roles over the next three years. That is roughly 37% of its 8,200-person corporate workforce, according to an internal memo reported by Reuters and Bloomberg. A Kroger representative confirmed the plan to Newsweek.
