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On Sept. 4, 2015, $STX committed to a restructuring plan (September 2015 Plan) intended to realign its cost structure with the current macroeconomic business environment. The September 2015 Plan included reducing worldwide headcount by approx. 1,000 employees, and is expected to be largely complete by 2Q16.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.