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Business news live: Bonds latest after Reeves backed and Microsoft cut 4% of jobs

Summary by The Independent
Stock markets updates and business news from Thursday

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News from HD Technology. Visit www.hd-tecnologia.com for the latest news. Microsoft confirmed the dismissal of 4% of its employees, a measure that directly affected several Xbox studios. Among the most controversial decisions is the cancellation of Blackbird, an MMO from ZeniMax Online Studios that was in development since 2018. The striking thing is that, unlike other projects with problems, this title was progressing smoothly and had been very…

It’s been a tough week for Microsoft and Xbox, to say the least. Thousands of layoffs have affected the company, and in the field of games, we’ve also heard of multiple project cancellations. Perfect Dark’s remake, Everwild, and a ZeniMax MMO shooter like Destiny. According to a report by Jason Schreier for Bloomberg, ZeniMax’s shooter was not cancelled because of its poor quality. Apparently, the game demos impressed many important internal per…

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The Independent broke the news in London, United Kingdom on Thursday, July 3, 2025.
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