Apple to trim jobs and its product line; 30% of the work force likely to get pink slips

Article Abstract:

Apple computer announced it will layoff 4,100 of its employees and temporary workers, approximately 30% of the company's work force and discontinue the developement of a number of software technologies. The announcement was made on Mar 14, 1997. CFO Fred Anderson cited $8 billion in revenue as the company's goal which would ensure that the company breaks even in 1997. Among the software technologies Apple will drop are Games Sprockets and parts of the MacOS including, Opentransport, Opendoc and Cyberdog. Apple says it expects to soon be shipping new inexpensive products for Macintosh. The company also plans to discontinue its Performa brand and end development on its AIX OS software. Both the Newton hand-held computer division and the Claris software subsidiary will not be affected by the cutbacks.

Management, Layoffs, Layoff, Company Business Management

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Who will answer when Apple calls?

Article Abstract:

Gilbert F. Amelio has abruptly resigned his position as Apple's Chmn and CEO. The company has been through three CEOs since 1993. Apple stock did not drop significantly when Amelio's resignation was announced. This is because Amelio's leaving is not necessarily being viewed as a bad thing for the company and because Apple's stock has already fallen so low. Many industry observers believe Steve Jobs, a co-founder of Apple and a board members, is obvious candidate to take over the leadership of Apple. However many believe Jobs would never risk being so close to the final collapse of the company he founded in 1976. The only person so far that has volunteered for the position is venture capitalist, Stewart Alsop. In a column in Fortune magazine, Alsop said he was available for the job.

Officials and employees, Appointments, resignations and dismissals, Company personnel management, Jobs, Steven, Amelio, Gilbert F.

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