Microsoft's gaming business is projected to close the fiscal year with a profit margin around 3%, prompting CEO Asha Sharma to emphasize the need for a change amid anticipated job reductions next month. Reports from Bloomberg and The Verge indicate that significant layoffs are imminent in the gaming division, following years of substantial spending without corresponding revenue growth.
In a separate move, Expeditors has announced the elimination of 230 tech positions across various offices in the Seattle area, including locations in downtown Seattle, Bellevue, Lynnwood, and Federal Way. This decision marks a departure from the company’s longstanding policy against layoffs, affecting roles such as software developers and business analysts.
Meanwhile, Rich Barton, co-founder of Zillow and Expedia, has relocated to Las Vegas, signaling a new phase in his life. In addition, Nobel laureate Mary Brunkow is set to address graduates at the University of Washington during its upcoming 151st commencement ceremony, while Google’s chief scientist Jeff Dean provided insights about AI to graduates, encouraging them to influence the tech industry positively.