In Fox Business’s program “Tech Rewind,” a quick look was taken into the hot tech stories of last week. Microsoft Corporation (NASDAQ:MSFT)’s biggest job cut in the decade remains the top story of the week.
Satya Nadella, the new CEO of Microsoft Corporation (NASDAQ:MSFT), took a bold step and announced that company will soon be firing 18,000 employees from different sections. Experts think that Nadella took this step to sustain the financial position of the company and revamp the infrastructure, which he wants to be based on the “Mobile-First-Cloud First” approach. Experts also think that job cut of this level may look very odd, but it can help Microsoft Corporation (NASDAQ:MSFT) refine its market graphs in the coming future. Most of the job cuts are from the areas which were acquired by Microsoft, not from the core areas of the company.
Next on tech rewind was Google Inc (NASDAQ:GOOGL) stock, which rose on Friday after the company released its second quarter earnings on Thursday. Although Google Inc (NASDAQ:GOOGL) missed the Wall Street estimates for earnings per share (EPS) by $0.15, it crossed the revenue estimates, coming in at $15.96 billion. Wall Street’s revenue estimates for Google Inc (NASDAQ:GOOGL) was around $12.32 billion. Google Inc (NASDAQ:GOOGL) traded up 4.18% on Friday, hitting $605.11. Google stock had a trading volume of 4,874,260 shares. Google Inc (NASDAQ:GOOGL) is likely to get a great successful quarter ahead because of some new deals and acquisitions it has made recently.
Meanwhile, Dell Inc. (NASDAQ:DELL) has announced that it is now accepting Bitcoins as a valid payment option for its customers. Bitcoin is a famous digital currency which has been declared illegal in many countries and suffered some serious problems around the globe. Dell Inc. (NASDAQ:DELL) has also announced that it is now offering a 10% discount on all Alienware-brand products to Bitcoin buyers. This step by Dell Inc. (NASDAQ:DELL) is taken as a great move to increase its sales.