Plus: Tesla’s vehicle sales plunged last quarter. And Alibaba turns to couponing to boost its delivery and shopping platforms. Katie Deighton hosts.
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[00:00:01] [SPEAKER_00] Here's your TNB Tech Minute for Wednesday, July 2nd. I'm Katie Dayton for The Wall Street Journal. More layoffs at Microsoft. The company plans to cut around 9,000 workers or just under 4% of its global workforce. The cuts will span geographies, tenure and teams, including Microsoft's gaming segment. And they come just months after the company eliminated some 6,000 roles across its product and software development teams.
[00:00:28] [SPEAKER_00] Tesla's global vehicle sales fell 13.5% in the second quarter compared with a year ago, missing analysts' expectations. The electric vehicle maker has struggled to reverse months of declining sales, which analysts have in part attributed to consumer backlash against the brand and its CEO, Elon Musk. And finally, Alibaba says it'll boost its delivery and shopping platforms by distributing coupons and vouchers
[00:00:54] [SPEAKER_00] worth 50 billion yen, or just under $7 billion, over the next 12 months. The strategy aims to get more domestic businesses and consumers to use its delivery and e-commerce services, which are facing stiff competition in China. Alibaba also today announced plans to launch new data centers in Malaysia and the Philippines, advancing its push in artificial intelligence. For a deeper dive into what's happening in tech, check out Thursday's Tech News Briefing podcast. I'll see you next time. I'll see you next time. See you next time. Thank you.