WSJ Tech News Briefing TNB Tech Minute: Microsoft Cuts About 9,000 Jobs
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Jul 2, 2025 Big changes are rocking the tech world! Microsoft is slashing jobs, letting go of 9,000 employees. Tesla faces a significant downturn with a 13.5% drop in vehicle sales. Meanwhile, Alibaba is pivoting to couponing strategies to revitalize its delivery and shopping platforms. Tune in for insights into these shifts and their implications for the industry.
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Microsoft's Major Job Cuts
- Microsoft plans to cut about 9,000 jobs, nearly 4% of its global workforce.
- The layoffs span geographies, tenure, and teams including gaming, following prior cuts of 6,000 roles.
Tesla's Sales Decline Explained
- Tesla's global vehicle sales fell 13.5% year-over-year in Q2, missing analyst expectations.
- Declining sales partly link to consumer backlash against Tesla and CEO Elon Musk.
Alibaba's Growth and AI Push
- Alibaba will distribute nearly $7 billion worth of coupons to boost delivery and shopping platforms.
- It also plans new data centers in Malaysia and the Philippines to strengthen its AI initiatives.