Residents in one part of Washington state have lost more than $673,000 to scams in just three days. The Clallam County Sheriff’s Office says an 84-year-old victim lost $420,000 after scammers impersonating Microsoft and the FTC convinced the person to buy gold and hand it over. Another person lost $50,000 via a phishing email that […]
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The number of tech layoffs continues to tick upwards as AI investments increase, with Microsoft alone cutting around 4,800 employees, or roughly 2.1% of its workforce, this week.
The latest cutbacks are mostly in the company’s commercial sales and Xbox divisions. They follow two others in 2025 that impacted around 15,000 workers, or roughly 4% of the company’s workforce. Prior to the latest cuts, Microsoft had 220,000-plus employees.
The headcount reduction also comes just days after the announcement of Microsoft Frontier Company, an initiative that will provide embedded support for customers deploying AI projects, similar to traditional offerings from systems integrators (SIs).
Taken together, these moves seem to indicate that Microsoft is betting on its engineering expertise, rather than traditional account management, as the path to AI success.
“Microsoft had already reorganized its commercial business around AI,” said Thomas Randall, a research director at Info-Tech Research Group.
Market uncertainty due to Fed's unclear guidance may drive investors towards safe-haven assets, impacting gold and crypto volatility.
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The collaboration signals a major shift in AI infrastructure, likely accelerating enterprise AI adoption and reshaping tech sector investments.
The post Microsoft and Nvidia team up to scale agentic AI from demo to deployment in 2026 appeared first on Crypto Briefing.
Microsoft's Xbox job cuts and studio sell-offs highlight ongoing industry challenges, potentially reshaping competitive dynamics and investment strategies.
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Citi's entry into London's gold clearing market could reshape the dynamics of gold-backed digital assets, impacting crypto investment strategies.
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Thousands of gaming jobs will be shed over the coming fiscal year as Microsoft continues to invest heavily in AI
Microsoft said Monday it was eliminating about 4,800 jobs – roughly 2% of its global workforce – in a cost-cutting move that will deliver a sweeping restructuring of its struggling Xbox gaming division.
The cuts include the deepest overhaul in Xbox’s history, with approximately 3,200 gaming jobs to be shed over the coming fiscal year, four game studios being spun off or sold, and a fifth entering a review process that could lead to closure, the company said.
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Microsoft's strategic shift towards AI over gaming highlights a tech industry trend prioritizing machine learning investments over traditional gaming.
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Microsoft's job cuts highlight a strategic shift towards AI, potentially boosting investor confidence by reallocating resources to high-growth areas.
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