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Microsoft is reportedly considering spinning off its Xbox division into a separate company or subsidiary as part of a broader restructuring, including layoffs and reevaluation of next-gen console plans.
Elon Musk announces that xAI will be fully absorbed into SpaceX as a new division called SpaceXAI, marking the completion of a major corporate restructuring to integrate AI development with space infrastructure.
Coinbase is laying off 700 employees (14% of its workforce) to reduce costs and transition to an AI-native structure with flatter management. CEO Brian Armstrong warns that this shift towards smaller, AI-augmented teams is a trend that every company will eventually follow.