Reed Jobs is easy to like. He’s motormouthed, self-deprecating, prone to video-game analogies, and clearly loves his work. He doesn’t particularly want to discuss the fact that he is Steve Jobs’s son, but he’s not uptight about it, either. When our producer, Maggie, asked if he was on a MacBook for our video call Thursday…
Microsoft has announced it has cut 4,800 jobs – roughly 2.1% of its workforce – with Xbox to bear a large number of its latest layoffs. Amy Coleman, executive vice president at Microsoft, told employees in a memo that the tech giant needed to focus on areas that can deliver for customers amid a “fast-changing…
Microsoft is eliminating 4,800 jobs, representing 2.1% of its workforce, with the company’s Xbox division losing about one-fifth of its staff in the software giant’s latest effort to cut costs in the era of artificial intelligence. “The way technology is built, deployed, and used is transforming faster than at any point in my time here,”…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft will cut about 4,800 jobs, around 2 per cent of its workforce, as it overhauls its Xbox division, claiming the games industry is “facing the most severe hardware crisis in its history.” The $2.9tn…
A shopper wears a limited-edition New York City FIFA World Cup-themed jersey in New York, US, on Friday, June 12, 2026. Bing Guan | Bloomberg | Getty Images The June jobs report on Thursday could be more robust than expected due to a strong kick from the World Cup, according to Goldman Sachs. Nonfarm payrolls…
Earlier this year, Maine nearly became the first state to ban data centers, the massive warehouses that are powering the A.I. boom and consuming enormous amounts of water and electricity. But then, in the small town of Jay, Maine, supporters of an A.I. data center project rallied to fight the ban. “That’s our opportunity to…
The unemployment rate for veterans dipped to 3.2% in May, bolstered by a gains among women veterans despite fears that artificial intelligence could trigger layoffs, according to the Bureau of Labor Statistics’ monthly jobs report Friday released Friday. The jobless rate for all veterans fell from 3.7% in April to 3.2% in May. The rate…
June 5, 2026, 10:06 a.m. ET White House rejoices over strong jobs report. The White House celebrated a stronger-than-expected jobs report on Friday, insisting that the uptick in hiring shows that the U.S. economy remains strong even as the war with Iran continues to elevate oil and gas prices. The report, which showed that employers…
June 5, 2026, 10:06 a.m. ET White House rejoices over strong jobs report. The White House celebrated a stronger-than-expected jobs report on Friday, insisting that the uptick in hiring shows that the U.S. economy remains strong even as the war with Iran continues to elevate oil and gas prices. The report, which showed that employers…
When artificial intelligence began changing his business four years ago, Aaron Levie, the chief executive of Box, decided to adjust. Box, a Silicon Valley maker of software for storing and managing data, started weaving A.I. into its products. It began selling A.I. aimed at automating tasks like reviewing and approving contracts. And it asked employees…
