jobs

Microsoft Cuts 9,000 Jobs, Pivots to AI Engineers Amidst Major Strategic Shift and Xbox Division Impact

Microsoft Cuts 9,000 Jobs, Pivots to AI Engineers Amidst Major Strategic Shift and Xbox Division Impact

Jake Amos-Christie07 mins

Microsoft Corporation has announced a significant reduction in its global workforce, impacting approximately 9,000 employees, which represents about 4% of its total staff. This marks the largest round of job cuts at the technology giant since 2023 and is framed as a critical component of a broader strategic initiative aimed at streamlining operations and realigning…

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Central Bank Adopts Unexpected Hawkish Stance Following Robust Jobs Data, Defying Market Bets

Central Bank Adopts Unexpected Hawkish Stance Following Robust Jobs Data, Defying Market Bets

Sierra Ellis09 mins

In a move that surprised financial markets and economic observers alike, the nation’s central bank today issued a policy statement signaling a distinctly more hawkish stance than widely anticipated. Citing unexpectedly strong labor market indicators, policymakers suggested that interest rates may need to remain elevated for a potentially longer duration than recent forward guidance had…

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