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Microsoft is planning its fourth major round of Xbox layoffs since January 2024

Microsoft managers are expecting a major round of layoffs at Xbox next week, according to reporting by Bloomberg. The cuts will coincide with the end of the company’s fiscal year.

The layoffs will mark the fourth major round for Xbox since January 2024, when the company cut 1,900 jobs about three months after officially acquiring Activision.

Xbox has reportedly been under pressure to boost profit margins in an industry that’s been dinged by tariffs, increased competition, and expanding budgets.

At the same time, Xbox is shaping its next console generation, which appears to be more closely aligned with Microsoft and PC gaming than ever before.

Sony’s PlayStation has similarly performed layoffs and game cancellations in recent months, along with studios like Electronic Arts.

Xbox has reportedly been under pressure to boost profit margins in an industry that’s been dinged by tariffs, increased competition, and expanding budgets.

At the same time, Xbox is shaping its next console generation, which appears to be more closely aligned with Microsoft and PC gaming than ever before.

Sony’s PlayStation has similarly performed layoffs and game cancellations in recent months, along with studios like Electronic Arts.

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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