Best of Business

Sam Dickie: Fisher Funds expert on Microsoft cutting over 4,000 jobs as a result of AI

4 min · 9. Juli 2026
Episode Sam Dickie: Fisher Funds expert on Microsoft cutting over 4,000 jobs as a result of AI Cover

Beschreibung

Microsoft is cutting 4800 jobs - about two percent of its global workforce - in a sweeping restructure. Most cuts are part of a restructure of its struggling Xbox gaming division. It's the latest in a string of mass layoffs by the tech giant alongside major investment in AI. Sam Dickie from Fisher Funds explained the implications of this move. LISTEN ABOVE See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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Episode Paul Fuge: Consumer NZ spokesperson on the number of Kiwis switching power companies Cover

Paul Fuge: Consumer NZ spokesperson on the number of Kiwis switching power companies

Kiwis are often told to look for the best deals on power, and they're not afraid to swap providers for a better price. So who's winning and who's losing the battle for those customers? Data from the Electricity Authority shows that Genesis Energy is the biggest loser here, with the company losing a net 35,015 customers in the year to June. Nova lost 9059, Manawa 3329 and Mercury 2706. On the opposite end, Contact gained 20,577, Electric Kiwi gained 11,590 and Meridian gained 10,288.  Consumer NZ Paul Fuge says the energy market is quite volatile, and many companies have been making changes to keep up. LISTEN ABOVE See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Gestern4 min
Episode Karl Puschmann: entertainment journalist on Netflix looking into buying Letterboxd for $423m Cover

Karl Puschmann: entertainment journalist on Netflix looking into buying Letterboxd for $423m

Netflix is in talks to buy the New Zealand-founded Letterboxd for $423 million, according to new reports. Letterboxd was created by Auckland designers Matthew Buchanan and Karl von Randow, and it allows people to create profiles and log and rate their favourite movies. Entertainment journalist Karl Puschmann says Letterboxd has a reputation as a niche social network, and there's concerns about what a corporate takeover could do for it. "That sense of community around it, you feel like you're with film enthusiasts, you feel part of that club - they've got a delicate balance here to keep that feeling and also get that return on investment." LISTEN ABOVE See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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