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Xbox Hit With 3,000 Layoffs After CEO Warns Business Is "Not Healthy"
Xbox Hit With 3,000 Layoffs After CEO Warns Business Is "Not Healthy"
Xbox CEO Asha Sharma issued a dire warning to staff on Monday: "Our business today is not healthy. We must reset Xbox."
Sharma's memo, first published on the Xbox website, announced cuts of 3,200 jobs tied to Microsoft's Xbox division, or equal to about 20% of staff, as deteriorating margins and disappointing Game Pass subscriptions have forced the unit into a major restructuring effort.
The 3,200-job reduction will be split into two waves: the first 1,600 layoffs will begin...
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Mar 7, 2026 / Tyler Durden
Trump Announces Military Coalition With Latin American Leaders To Eradicate Cartels
Trump Announces Military Coalition With Latin American Leaders To Eradicate Cartels
Authored by Emel Akan and T.J.Muscaro via The Epoch Times,
U.S. President Donald Trump on March 7 welcomed his Latin American allies to Florida for a summit focused on addressing regional issues and announced a new military coalition to combat drug cartels in the Western Hemisphere.
“On this historic day, we come together to announce a brand new military coalition to eradicate the criminal cartels plaguing our region,” Trump said as he began his remarks at the summit.
He said that the...
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May 6, 2026 / Tyler Durden
Moscow Targeted By Over 50 Drones, Country's 2nd Largest Refinery On Fire
Moscow Targeted By Over 50 Drones, Country's 2nd Largest Refinery On Fire
We've been documenting that Ukraine has been demonstrating deeper targeting reach inside Russia, as several key oil sites have come under direct drone attack over several days and weeks, resulting in significant destruction.
Just in the last several days, Russian state media has recorded over 50 Ukrainian drone attacks targeting the country's capital of Moscow.
Moscow at night, via Medium
Moscow Mayor Sergey Sobyanin on Tuesday confirmed that since the start of this month, Ukrainian efforts to target the capital region...
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Mar 4, 2026 / Tyler Durden
Crude Stocks Rise 3.5 Million, Highest Since May 2025
Crude Stocks Rise 3.5 Million, Highest Since May 2025
With oil flows passing through the Straits of Hormuz blocked indefinitely, markets were paying especially close attention to today's weekly DOE report on oil stocks, to see how much capacity the US has in case of a prolonged lockout. The result was satisfactory.
The DOE reported the following weekly changes:
Crude +3.475MM, more than the expected +3.00MM, and the highest since May 2025
Gasoline -1.704MM, down to the lowest since Jan 9, 2026
Distillates +429K, biggest increase since Jan 2026
Cushing +1.6MM, rising to the highest...
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