Today’s Slice of Bread for Friday, January 26, 2024
Microsoft has decided to lay off approximately 1,900 employees in its gaming division. This accounts for nearly 9% of the overall workforce in that department. The layoffs came shortly after Microsoft acquired Activision Blizzard. This move aims to streamline operations and optimize resources within the organization. What percentage of the gaming division’s workforce did Microsoft lay off after the Activision Blizzard acquisition? Why do you think Microsoft decided to lay off employees in its gaming division following the acquisition? 
Tesla CEO Elon Musk stated that Chinese electric vehicle (EV) makers are likely to “pretty much demolish” most of their competitors in the absence of trade barriers. This remark highlights the competitive strength of Chinese EV companies in the global market. What is Elon Musk’s perspective on the potential impact of trade barriers on Chinese EV makers? How might the absence of trade barriers give Chinese EV manufacturers a competitive advantage over their rivals?
The stock of Intel has experienced a decline as its early 2024 outlook fell short of expectations. This development has hurt the company’s stock performance. What factors might contribute to a company’s outlook falling short of expectations? How does the performance of a company’s stock relate to its financial outlook?
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