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Information Technology : Technology Hardware, Storage & Peripherals | Large Cap Growth
Company profile

Apple Inc. (Apple) designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and sells a range of related services. The Company’s products include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and accessories. The Company operates various platforms, including the App Store, which allows customers to discover and download applications and digital content, such as books, music, video, games and podcasts. Apple offers digital content through subscription-based services, including Apple Arcade, Apple Music, Apple News+, Apple TV+ and Apple Fitness+. Apple also offers a range of other services, such as AppleCare, iCloud, Apple Card and Apple Pay. Apple sells its products and resells third-party products in a range of markets, including directly to consumers, small and mid-sized businesses, and education, enterprise and government customers through its retail and online stores and its direct sales force.

Closing Price
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1.97 (1.37%)
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Twilio plans to slash 11% of jobs as part of cost-cutting program

9:59 am ET September 14, 2022 (MarketWatch)

Twilio Inc. said Wednesday that its board of directors has approved a restructuring plan that will see the company cut about 11% of its staff. The company, which makes software for customer communications, expects to take a $70 million to $90 million charge related to the restructuring plan and reflective of costs around severance, employee transition payments, vesting of stock compensation, and other areas. Of the projected charges, $55 million to $70 million "is expected to result in future cash outlays," Twilio said in a filing with the Securities and Exchange Commission. Twilio added in the filing that it expects to incur a majority of the charges in its third quarter and that it anticipates the plan will be largely complete by the end of the fourth quarter. Shares are ahead 1.1% in Wednesday morning trading. The stock has lost 12.5% over the past three months as the S&P 500 has risen 5.5%.

-Emily Bary


(END) Dow Jones Newswires

September 14, 2022 09:59 ET (13:59 GMT)

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