The contraction of Seattle-area tech resembles prior industry meltdowns, when job losses signaled deep disruptions in the regional economy.

The June jobs report cratered the odds for a July rate cut. Stocks cheered the strong data but dimmer rate-cut views prevented bigger gains.

Kevin Gordon, senior investment strategist at Charles Schwab, said the jobs report will wash out expectations of an interest-rate cut this month—something that can be seen in CME Group data.

Headline numbers from the June jobs report took pressure off the Federal Reserve to consider an interest-rate cut later this month, likely leaving the central bank on hold at least until the fall.

Microsoft has announced plans to eliminate approximately 9,000 jobs worldwide, marking the latest significant round of redundancies as the US technology company seeks to reduce costs.

Microsoft began job cuts that will impact about 9,000 workers, a second major wave of layoffs this year as it seeks to control costs. Less than 4% of the company's total workforce will be impacted ...

Microsoft Corp. is planning its second major round of layoffs in as many months, but the impact to Austin-based employees was unclear. The company said Wednesday it was cutting about 9,000 people ...

King and ZeniMax Media, two of the subsidiaries at Microsoft Gaming, are being hit with layoffs.

Dutch location technology company TomTom said on Monday it would cut 300 jobs as it realigns its organization and embraces artificial intelligence as part of its product-led strategy.