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.

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