Volkswagen is considering a massive workforce reduction and the closure of four German plants to address declining profits and sales. The proposal faces intense opposition from labor unions and could significantly impact the European automotive sector.

Xbox CEO Asha Sharma was appointed to a Federal Reserve task force examining AI and jobs, an assignment that has drawn public attention due to her concurrent oversight of a 3,200-person workforce reduction.

Microsoft's restructuring of the Xbox division has resulted in the loss of roughly half the staff at id Software, raising questions about future projects.

Microsoft is reducing its Xbox workforce by 20% and divesting several studios to address profit margin challenges and simplify organizational complexity.