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Monday, October 12, 2026
The New York Finance

Top Business News Around The World

Monday, October 12, 2026

Microsoft

Microsoft Cuts 4,800 Jobs as Xbox Undergoes Painful Reset

Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, in a major downsizing that hits its gaming business especially hard and signals a deeper strategic reset inside Xbox. The cuts…

By The New York Finance Staff

Trump urges Microsoft to fire ex-Biden administration official

US President Donald Trump called on Microsoft on Friday to fire its head of global affairs, Lisa Monaco, a former senior official in Democratic administrations. “It is my opinion that Microsoft should…

By The New York Finance Staff