The departure was announced alongside Ford detailing a new restructuring that includes the establishment of a "Product Creation and Industrialization" unit.
Xbox is undergoing its most significant restructure, impacting approximately 3,200 roles by FY27, with 1,600 layoffs today. Four studios will transition to new management, including Compulsion Games and Double Fine becoming independent, and Ninja Theory and Undead Labs moving to new ownership. The company cites unhealthy business operations, lower margins, and industry hardware crises as reasons for the changes, aiming to simplify operations and refocus content strategy.
Microsoft has announced job losses primarily affecting its Xbox division and commercial sales organizations, though specific numbers or locations were not detailed in the brief report.
Agility Robotics is set to go public via a SPAC merger valuing the company at $2.5 billion, aiming to raise over $620 million. CEO Peggy Johnson discusses the company's focus on warehouse robots, its proprietary physical AI, and the long road ahead for home robotics.
Uber has reportedly put five of its planned 2026 European market launches on hold, including Austria, Norway, and Greece. The company cited recent successes in Finland and Denmark as a reason to focus on existing markets, but a potential acquisition of Delivery Hero may also be a factor.
Cryptocurrency analytics firm Nansen reports that nearly 1 million people have lost $3.8 billion on the $TRUMP memecoin. The coin is down 98% from its peak, with two out of three buyers losing money.
Buildher, a Nairobi-based nonprofit, trains women for skilled construction jobs, aiming to increase their participation from 3% to 10% by 2030. Graduates see significant earnings increases and improved household decision-making.
