Squawk on the Street Mega-Tech Spotlight: Microsoft Layoffs and Tesla Deliveries 7/2/25
9 snips
Jul 2, 2025 The podcast dives into the fallout from Microsoft's announcement of 9,000 layoffs, raising questions about AI's role in workforce changes. Meanwhile, Tesla celebrates a rise in shares following strong Q2 delivery numbers. The discussion also covers big banks boosting dividends and the impact of a disappointing ADP jobs report. Upgrades for Apple and a major settlement involving Paramount add further intrigue, while tensions between OpenAI and Meta underscore the competitive tech landscape.
AI Snips
Chapters
Books
Transcript
Episode notes
Microsoft's AI-Driven Layoffs
- Microsoft plans to lay off around 9,000 employees, about 4% of its workforce worldwide this year.
- These cuts aim to increase focus on more meaningful work by leveraging new technologies like AI.
Tesla's Strong Q2 Deliveries
- Tesla's Q2 deliveries of 384,122 vehicles slightly missed consensus but beat several analysts' lower expectations.
- The China market showed a rare sales increase after months of decline but remains fiercely competitive and low margin.
Microsoft Targets Middle Management
- Microsoft's layoffs target all levels globally, focusing on middle management to improve efficiency.
- AI's role is implied, helping workers focus on meaningful tasks, but not openly cited as the direct cause.
