Microsoft Corp Chief Executive Satya Nadella deferred any comment on widely expected job cuts at the software company on Thursday, after circulating a memo to employees promising to "flatten the organization and develop leaner business processes."Nadella said he would address detailed organizational and financial issues for the company's new financial year, which started at the beginning of this month, when Microsoft reports quarterly earnings on July 22."There will be many opportunities for me to talk more about our specific fiscal plans on the 22nd," Nadella said in a telephone interview.Since absorbing the handset business of Nokia this spring, Microsoft has 127,000 employees, far more than rivals Apple Inc and Google Inc. Wall Street is expecting Nadella to make some cuts, which would represent Microsoft's first major layoffs since 2009.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL fell by 0.3% or $-0.283/share to $95.11. In the past year, the shares have traded as low as $59.75 and as high as $96.80. On average, 66018300 shares of AAPL exchange hands on a given day and today's volume is recorded at 33465416.
Google Inc. (Google) is a global technology company. Shares of GOOG fell by 0.87% or $-4.99/share to $571.09. In the past year, the shares have traded as low as $502.80 and as high as $604.83. On average, 2039370 shares of GOOG exchange hands on a given day and today's volume is recorded at 1084194.
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