Game over for 20% of Xbox staff as Microsoft hits reset: We ‘didn’t focus on the core business,’ CEO says. ‘We simply spread ourselves too thin.’
Good morning. On Fortune’s radar today:
- Exclusive: Xbox CEO on why she is laying off 20% of her staff as Microsoft hits reset.
- Markets: Selloff in Asia.
- “Doom loop”? Strategy is selling Bitcoin while hoping it also goes up.
- How David Senra built the podcast the world’s most powerful CEOs can’t stop listening to.
- Dow CEO gets a big pay bump.
- The very rich are just different—as this household spending stat shows.
- The cost of AI as hyperscalers enter their negative cash flow era.
- Foreign fans at the World Cup are gorging themselves on the American foods they don’t get at home.
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This story was originally featured on Fortune.com
