Microsoft Corp is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj's handset unit, Bloomberg reported, citing people with knowledge of the company's plans.The reductions, expected to be announced as soon as this week, could be in the Nokia unit and the parts of Microsoft that overlap with that business, as well as in marketing and engineering, Bloomberg reported. (bloom.bg/1mcqs14)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 Chief Executive Satya Nadella to make some cuts, which would represent Microsoft's first major layoffs since 2009.The restructuring may end up being the biggest in Microsoft history, topping the 5,800 jobs cut in 2009, the report said.
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 traded higher by 1.29% or $1.23/share to $96.45. In the past year, the shares have traded as low as $59.82 and as high as $96.89. On average, 65240800 shares of AAPL exchange hands on a given day and today's volume is recorded at 42810156.
Google Inc. (Google) is a global technology company. Shares of GOOG traded higher by 0.98% or $5.69/share to $584.87. In the past year, the shares have traded as low as $502.80 and as high as $604.83. On average, 1947620 shares of GOOG exchange hands on a given day and today's volume is recorded at 1852290.
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