Game over for 20% of Xbox staff as Microsoft hits reset: We ‘didn’t focus on the core business,’ CEO says. ‘We simply spread ourselves too thin.’
Everything you need to know before you reach the office this morning.
Overview
Good morning. On Fortune’s radar today:
- Exclusive: Xbox CEO on why she is laying off 20% of her staff as Microsoft hits reset.
- Markets: Selloff in Asia.
- “Doom loop”? Strategy is selling bitcoin while hoping it also goes up.
- The very rich are different from you and me—as this household spending stat shows.
- The cost of AI as hyperscalers enter their negative cash flow era.
- Foreign fans at the World Cup are gorging themselves on the American foods they don’t get at home.
Details
This story was originally featured on Fortune.com
Source
Originally published at fortune.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
