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July 7, 2026, 4:55 AM
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Bloomberg:
Microsoft's Xbox plans to cut ~3,200 jobs over the next year, including 1,600 on Monday, and divest up to five studios, including Ninja Theory, in a “reset”  —  Compulsion and Double Fine studios will become independent; Undead Labs and Ninja Theory will be sold.
More: XBOX Wire, Kotaku, IGN, Game File, The Verge, Aftermath, Kotaku, Silicon Republic, Reuters, Polygon.com, GamesIndustry.biz, Forbes, The Information, PC Gamer, Rock, Paper, Shotgun, The Daily Upside, Yahoo Finance, Double Fine, Push Square, @theweek, TechSpot, Aftermath, Capital Brief, Game Developer, GamesRadar, Cord Cutters News, Blaze Media, GeekWire, Pure Xbox, Windows Central, Rogue, Los Angeles Times, TBPN, Fortune, ScreenRant, Blue's News, MarketWatch, New York Times, UPI, T3, Aftermath, KFTC-TV, Washington Post, iPhone in Canada, CNN, The Verge, Business Today, The Movie Blog, Radio Times, Ars Technica, DayOne, PCWorld, Tom's Hardware, The Next Web, TheGamer, BBC, Mashable, This Week in Videogames, Comic Book, Digit, The Tech Portal, Associated Press, 80 Level, TechRadar, Finimize, and Yahoo Tech
X: @asha_shar, @doublefine, @compulsiongames, @stealth40k, @jthefrog0, @g27status, @mikeynohmore, @paultassi, @eric_seufert, @tekbog, @eric_seufert, @ethanrothamel, @hiddenxperia, @carygolomb, @plumbnick, @moshimoshimoan, @mightygazelle1, @soulblazerz, @antvenom, @dotodoya, @welfare_jbp, @videocardz, @jackmovejohnny, @nikomueller, @tippity, @boundarybreak, @theghostofhope, @mikedrucker, @thetranscript_, @rohankarmoon, @stephentotilo, @welfare_jbp, @dansgaming, @stephentotilo, @knoebelbroet, @zacbowden, @stephentotilo, @daviddoel, @wario64, and @bdsams
LinkedIn: Dan Rayburn, Liam McDonald, and Sam Carlisle
Bluesky: @jasonschreier, @bethesdaunion, @jasonschreier, @jasonschreier, @seanhollister, @sphynxian, @bethesdaunion, @bethesdaunion, @spacetwinks, @zeboydgames, @jasonschreier, @dringo, @mattmday, and @jasonschreier.  Threads: @eric_seufert
Forums: r/theouterworlds, r/Fallout, r/rpg_gamers, r/projecteternity, r/PS5, r/pcgaming, r/avowed, r/heroesofthestorm, r/Overwatch, r/digitalfoundry, r/pcmasterrace, r/starcraft2, r/Minecraft, r/italygames, r/diablo4, r/StateOfDecay, r/Overwatch, r/TwoBestFriendsPlay, r/DOUBLEFINE, r/kindafunny, r/Asmongold, r/france, r/wow, r/gaming, r/Games, r/gamingnews, r/NoSodiumStarfield, r/XboxGamePass, r/LastStandMedia, r/Steam, r/gamernews, r/dishonored, r/videogames, r/GearsOfWar, r/PS5, r/StateofDecay2, r/StateOfDecay, r/consoles, r/TwoBestFriendsPlay, r/ImmersiveSim, r/StateofDecay3, r/videogames, r/xbox, and r/Games
Tom Warren / The Verge:
Microsoft is laying off ~4,800 employees, or ~2.1% of its workforce; most are in sales or Xbox, where ~20% of jobs are set to be cut by the end of FY 2027  —  Most of the job losses are in Microsoft's Xbox and commercial sales organizations. … A year after cutting around 9,100 employees …
Ben Fritz / Wall Street Journal:
Source: Xbox Game Pass currently has ~30M subscriptions; an internal document shows Microsoft had projected Game Pass subscriptions would reach ~77M in 2026  —  The videogame unit's revenue has fallen and its Netflix-like subscription service is far below expectations
Reuters:
Samsung estimates Q2 operating profit of ~$58.44B, a 19-fold jump from Q2 2025 and above ~$57.02B est., and revenue up 129% YoY to ~$111.7B; its stock drops 5%+  —  Samsung Electronics (005930.KS) on Tuesday forecast a 19-fold jump in second-quarter operating profit from a year earlier …
Anthropic:
Anthropic researchers detail J-space, a small set of neural patterns in Claude that reveals internal thoughts that don't appear in the model's output  —  As you read this sentence, circuits in your brain are adjusting your posture, controlling your breathing, and transforming lines and curves on the screen into recognizable words.
Sam Witteveen / VentureBeat:
Tencent releases Hy3, a 295B-parameter model that it says is competitive with GLM-5.1 and 5.2, under the Apache 2.0 license, following a preview launch in April  —  For the past year, the awkward secret of the open-weight model boom has been that many of the strongest Chinese releases …
Andrew Chung / Reuters:
SCOTUS declines to block a Texas law requiring app stores and developers to verify the age of mobile device users, and for minors to obtain parental consent  —  The U.S. Supreme Court declined on Monday to block a Texas law requiring app stores and developers to verify the age of mobile device users …
Daniel Kuhn / The Block:
BonkDAO, which oversees the Bonk memecoin, says it was the target of a “malicious governance proposal” that resulted in a loss of $20M worth of Bonk tokens  —  Quick Take  — BonkDAO was hit with a governance attack that appears to have drained approximately $20 million worth of BONK tokens …
Reuters:
Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory costs; Honor fell 33% and Xiaomi 24%  —  Smartphone sales in China fell 13% year-on-year during the month-long 618 shopping festival, as brands raised prices …
Emily Shugerman / The San Francisco Standard:
A profile of Rachel Whetstone, who has led comms for Google, Meta, Uber, Netflix, and now Sierra, as her husband Steve Hilton runs for California governor  —  Steve Hilton, the conservative British political operator running for governor of California, launched his longshot campaign in April 2025 …

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This is a Techmeme archive page. It shows how the site appeared at 4:55 AM ET, July 7, 2026.

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From Mediagazer

Joe Flint / Wall Street Journal:
Sources: David Ellison has asked CNN CEO Mark Thompson to stay on after the WBD acquisition closes; Thompson's current deal extends into 2027

Wall Street Journal:
Sources: Disney plans a TV restructuring that is expected to result in more layoffs and consolidation of divisions as it pivots from linear TV toward streaming

Charlotte Tobitt / Press Gazette:
The UK's Independent reports 2025 revenue up 4% YoY to £55.1M, of which £13.3M is from the US and Canada, and pre-tax profit up 9% YoY to £3.5M

More News

Earlier Picks

Adam Harrington / CBS News:
Illinois Governor JB Pritzker signs SB 315, a bill requiring annual third-party safety audits of leading AI companies; OpenAI and Anthropic backed the bill
Andrew Webster / The Verge:
Nintendo plans to stop selling the original Switch, Lite, and OLED in Europe from mid-February 2027 and update the Switch 2 to comply with new EU battery rules
James Hunt / The Block:
Filing: Strategy sold 3,588 bitcoin for ~$216M between June 29 and July 5 to replenish its USD reserve; its holdings have an $11.4B paper loss at current prices
Natalie Lung / Bloomberg:
Reddit says its AI-powered content moderation systems caught 25K “spammy posts and comments” per day in Q1, reducing users' exposure to such content by 20% YoY
Akash Sriram / Reuters:
Broadcom agrees to expand its Apple partnership through 2031 to develop and supply custom chips; in 2023, the companies announced a multibillion-dollar 5G deal
CNBC:
Anthropic signs a 20-year, ~$19B lease to use a TeraWulf data center in Kentucky, set to have a ~400MW capacity and to start delivering power in H2 2027
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