Microsoft is laying off 268 Xbox employees as part of a gaming business reset, following a July layoff of 1,600 Xbox employees. The new layoffs are part of a total of 3,200 roles cut as Xbox CEO Asha Sharma describes the cuts as the most significant restructure in Xbox history.

Peloton has released a new, more affordable folding treadmill called the Tread Flex, which joins the existing Tread and Tread+. The Tread Flex is a more compact version of the original Tread, with a smaller footprint and a lower price point. The new treadmill features a larger 32-inch touchscreen display and improved sound system. It also includes Peloton's AI-powered software, Peloton IQ, which offers personalized workouts and real-time feedback. The Tread Flex is priced at $2,495, making it a more accessible option for those who want a Peloton treadmill in their home.