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Tech Brew Ride Home

Xbox Decimated By Layoffs

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, Tech News, News

4.71K Ratings

🗓️ 7 July 2026

⏱️ 21 minutes

🧾️ Download transcript

Summary

Microsoft laid off ~4,800 employees and gutted Xbox by 3,200 jobs while divesting five studios. Samsung's profit rocketed past Nvidia's, Meta faced a $1.4 trillion lawsuit demand, xAI rebranded to SpaceXAI, and Anthropic researchers found a hidden "J-space" inside Claude. Microsoft is laying off ~4,800 employees, or ~2.1% of its workforce; most are in sales or Xbox, where ~20% of jobs are set to be cut by the end of FY 2027 (The Verge) Microsoft's Xbox to Cut 3,200 Jobs, Divest Five Studios in Major Overhaul (Bloomberg) Samsung estimates Q2 operating profit of ~$58.44B, a 19-fold jump from a year earlier and above a ~$57.02B estimate, and revenue up 129% YoY to ~$111.7B (Reuters) Samsung estimates Q2 operating profit of ~$58.44B, a 19-fold jump from a year earlier and above a ~$57.02B estimate, and revenue up 129% YoY to ~$111.7B (WSJ) Court filing: Meta says four US states seek $1.4T over claims it designed Facebook and Instagram to addict youth and misled the public; its market cap is ~$1.5T (Reuters) xAI rebrands to SpaceXAI and unveils a new logo; Elon Musk said in May that xAI would be dissolved as a separate company and become the AI products from SpaceX (Business Insider) Anthropic researchers detail J-space, a small set of neural patterns in Claude that reveals internal thoughts that don't appear in the model's output (Anthropic) Anthropic researchers detail J-space, a small set of neural patterns in Claude that reveals internal thoughts that don't appear in the model's output (VentureBeat) Subscribe to the ad-free feed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:04.6

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0:09.4

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0:13.6

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0:18.4

Outfit your summer with Abercrombie in the app, online, and in stores.

0:33.2

Welcome to the TechBoo ride home for Tuesday, July 7th, 2026.

0:36.6

I'm Brian McCullough today.

0:37.8

Microsoft is laying off thousands more employees and basically gutting Xbox.

0:42.1

Samsung's profit rocketed past Nvidia's.

0:45.0

Meta is facing a $1.4 trillion lawsuit demand.

0:48.3

XAI is rebranding to SpaceX AI, and anthropic researchers have found a hidden J-space inside of Claude.

0:54.9

Here's what you miss today in the world of tech.

1:02.7

Every day, shareholders meet to discuss important matters about the companies you invest in.

1:07.7

Now you can make your voice heard too.

1:13.8

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1:19.3

directly or through another brokerage firm, all it takes is a few clicks to select your proxy

1:23.8

voting preference and be heard on important shareholder topics like executive pay and

1:28.8

director elections. Visit vanguard.com slash investor choice to learn more. It's your shares,

1:35.9

it's your voice, it's easy. Vanguard investors own shares of our index funds and those funds

1:41.1

own shares of the companies they invest in. Vanguard Marketing Corporation distributor.

1:48.1

Microsoft is laying off around 4,800 employees or around 2.1% of its workforce. Most of the

1:54.0

affected employees are in sales or in Xbox. More on that later. Quoting The Verge. A year after cutting around 9,100 employees,

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