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

Description

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 Graham Leaming: Skellerup CEO on the company lifting its full-year profit outlook based on strong US demand artwork

Graham Leaming: Skellerup CEO on the company lifting its full-year profit outlook based on strong US demand

Another positive sign for the economy.  Kiwi manufacturer Skellerup —who makes everything from gumboots to industrial rubber products— has lifted its annual profit forecast to as much as $65 million.  They credit stronger than expected US demand for the increase.  CEO Graham Leaming told Mike Hosking they thought tariffs and the conflict in the Middle East might drive inflation and dampen demand in the US market, but that hasn’t materialised.  He says demand remains strong, and the things they manufacture and sell are often pretty critical to customers, so they were able to adjust prices in response to tariffs and increases to the cost of raw materials.  LISTEN ABOVE  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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