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GlobalPulse
The world, tracked in motion
Topic

corporate restructuring

Microsoft cuts 4,800 jobs and overhauls Xbox division to reduce costs

Microsoft cuts 4,800 jobs and overhauls Xbox division to reduce costs

Microsoft is eliminating thousands of roles and divesting several game studios as part of a major overhaul to address falling margins and a shifting tech landscape.

Business ·7 Jul 2026, 13:02 ·Priya Raman 3 min read
Proposed Merger Of Korean Cinema Chains Lotte & Megabox Collapses

Proposed Merger Of Korean Cinema Chains Lotte & Megabox Collapses

The proposed integration of South Korea's second and third-largest cinema chains has collapsed following the expiration of an MOU. The failure leaves Megabox facing corporate rehabilitation and Lotte to pivot toward independent growth.

Culture ·2 Jul 2026, 11:08 ·Maya Calder 3 min read