Microsoft Announces Massive Layoffs Amid Tech Restructuring
Microsoft has initiated a sweeping restructuring, eliminating thousands of job roles this week. The tech company would layoff a total of 4800 job roles—approximately...
Microsoft to Cut 3,200 Jobs from Struggling Xbox Unit
Microsoft announced on Monday the reduction of 3,200 jobs from its Xbox video game division. This includes an immediate cut of 1,600 positions and...
EasyJet Agrees to $6.7B Takeover by U.S. Private Equity Firm Castlelake
EasyJet, the U.K.-based budget airline, has agreed to be acquired by Castlelake, a U.S. private equity firm, in a deal valued at £5 billion...
Broadcom, Apple Extend Chip Partnership Through 2031
Broadcom announced on Monday its agreement to extend partnership with Apple until 2031 for custom chip development. This decision alleviated concerns over Apple's dependency...
AI Shifts Weaken India IT Firms’ Q1 Growth Amid Pricing Pressure and Weak Demand
India's top information technology companies are expected to report another subdued quarter. AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to...