Microsoft is laying off 4,800 employees, with Xbox accounting for approximately 3,200 of the job cuts.
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Microsoft will lay off 6,400 employees, half of whom will be from the restructuring of its Xbox gaming division.
PANews reported on July 6th that Microsoft (MSFT.O) will lay off 6,400 employees, half of whom will be laid off due to the restructuring of its Xbox gaming division. The layoffs represent approximately 2.8% of its total workforce. Microsoft will also sell five studios, including Compulsion and DoubleFine.
McKinsey research: 76% of employees use AI to assist in their work; generative AI lowers the demand for entry-level positions.
According to a McKinsey study published on July 7th by Odaily Odaily, only 30% of employees used AI to assist in their work in 2023, but this figure is projected to rise to 76% by 2025. The "McKinsey 2025 New Era of Work Survey" shows that 51% of organizations reported that generative AI has reduced their demand for entry-level positions. Between 2023 and 2025, the turnover intention of employees with less than one year of service decreased from 37% to 32%, approaching the 30% level of employees with more than three years of service. The survey shows that AI creators and heavy AI users have the highest sense of job belonging, but they are 7% more likely to leave within the next 3 to 6 months than light AI users and 10% more likely than employees who do not use AI. The survey indicates that the main reasons employees are willing to stay include valuable work, flexible work location, career development and promotion opportunities, trust and support from colleagues, and decent compensation with sufficient recognition.
Millennium's two index trading teams earned approximately $3.7 billion in a single month.
PANews reported on July 6th that, according to Bloomberg, two teams at hedge fund Millennium Management specializing in index rebalancing trades collectively earned approximately $3.7 billion in June, accounting for more than half of the fund's pre-tax profit of approximately $6.6 billion that month. The two teams, led by Glen Scheinberg (New York) and Pratik Madhvani (Dubai), primarily utilize high leverage to manipulate index rebalancing, betting on the inclusion and removal of constituent stocks. In June, events such as the S&P 500 quarterly rebalancing, the Nasdaq 100 quarterly change, Russell's annual rebalancing, SpaceX's "fast-track inclusion," and multi-asset quarter-end rebalancing provided concentrated trading opportunities, driving Millennium's June return to 4.1% and its year-to-date return to 10.5%.
Goldman Sachs: The global humanoid robot market will grow from approximately 20,000 units in 2025 to 1.4 million units in 2035.
According to Mars Finance, Goldman Sachs stated that another path for AI to enter the real world is through robots, autonomous driving devices, drones, and intelligent industrial equipment. Goldman Sachs calls this "physical AI," which is far more challenging than text generation models because machines must not only understand language and images but also handle gravity, friction, materials, temperature, motion trajectories, and safety constraints. Humanoid robots are the most anticipated area. Goldman Sachs predicts that the global humanoid robot market will grow from approximately 20,000 units in 2025 to 1.4 million units in 2035. This demand is based on labor shortages: the US manufacturing sector employs approximately 13 million people, with a shortage of over 1 million material handling jobs. Goldman Sachs expects widespread commercial deployment of humanoid robots to not occur until 2027 to 2029. (Cailian Press)
The narrative of AI "stealing jobs" is cooling down, and tech giant CEOs are collectively turning optimistic.
According to BlockBeats, on July 6th, executives from several tech companies recently adjusted their statements regarding the impact of AI on employment, shifting from emphasizing that "AI will massively replace jobs" to believing that AI is more about improving productivity and creating new jobs. OpenAI CEO Sam Altman stated that the industry previously underestimated the role of humans in AI systems; Anthropic CEO Dario Amodei said that AI could either drive layoffs or help companies accomplish more without increasing staff, the outcome depending on management decisions. A recent survey by EY-Parthenon shows that the proportion of executives who believe AI investment will lead to large-scale layoffs has decreased from 46% in January 2025 to 20% in May 2026. A joint study by Ramp and Revelio Labs shows that companies investing heavily in AI are experiencing approximately 10% higher employee growth rates than their counterparts that haven't invested in AI. Despite Meta CEO Mark Zuckerberg and Amazon CEO Andy Jassy both stating that AI has the potential to create more jobs, both companies have continued to streamline their organizations this year, raising questions about the corporate AI narrative. A survey by technology consulting firm Emergn shows that approximately 20% of US business managers report that internal AI project reports exaggerate achievements and downplay problems. Industry insiders believe that the commercialization of AI is slower than market expectations, and the application effects vary significantly across different industries and scenarios. --------------------------------- Click the original link below to join Beating's AI news channel on Feishu, monitoring global AI hotspots and news 24/7.
The "Beijing Digital Economy Development Report (2025-2026)" was released, predicting that the core artificial intelligence industry will reach approximately 450 billion yuan in scale by 2025.
According to Mars Finance, at the 2026 Global Digital Economy Conference results release conference yesterday, Lu Ya, Vice President of the Beijing Academy of Social Sciences, released the "Beijing Digital Economy Development Report (2025-2026)" blue book. The report shows that in 2025, Beijing's digital economy added value exceeded 2.4 trillion yuan, a year-on-year increase of 8.7%, accounting for 46.4% of GDP. It ranked second in the global digital economy benchmark city index evaluation, with a development index value of 0.770, firmly maintaining its position as a "global leading city." Lu Ya introduced that Beijing's status as the "No. 1 city for artificial intelligence" continues to be consolidated. In 2025, the core artificial intelligence industry scale was approximately 450 billion yuan, attracting over 2,500 related enterprises. As of April 2026, 225 large-scale models had been registered. Innovation and industry application of large-scale models are accelerating in both directions, rapidly empowering industrial upgrading, technological innovation, and public services. The market-oriented reform of data elements is being deepened, and breakthroughs have been achieved in the construction of "one zone and three centers." The trading volume of the Beijing International Big Data Exchange increased by 150% year-on-year, and the circulation of trusted data space is deepening around key areas such as healthcare and audiovisual media. (Cailian Press)