Shares of Bytes Technology dropped over 27% following news that operating profit for the first half of fiscal 2026 would be marginally lower due to delayed customer decisions and prolonged internal restructuring adjustments.
Jordan Klepper stated, 'If I were to hazard a guess about why theyâd be mad, it might be because, in the last several weeks, you fired tens of thousands of federal workers, made cuts to veteransâ care, lifesaving foreign aid and food banks.'
Microsoft disbanded its DEI team citing 'changing business needs', a move reflecting a trend among major companies scaling back on diversity-based initiatives post-George Floyd era.