Apple to lay off a third of its workers (1997)

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	Apple to lay off a third of its workers (1997) (wired.com)
	34 points by 2Pacalypse- 1316 days ago

3 comments

propter_hoc 1316 days ago

Great callout. I believe the playbook for Twitter is now crystal clear:

* Bring back Jack Dorsey as the founding luminary

* Have him strike a deal with their ancient rival Facebook for an injection of capital in exchange for embedding Instagram on Twitter

* Watch as the stock price goes vertical (??)

</satire>

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scarface74 1316 days ago

Yes I know this is a joke. But I think the satire was about bringing Dorsey back.

Just to make it perfectly clear though, Microsoft’s “injection of cash” - at the tune of $150 million had nothing to do with keeping Apple solvent. The CFO at the time had just secured a line of credit of a couple of billion before Jobs returned.

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neallindsay 1316 days ago

At the time I think reassuring the public that Microsoft Office would continue to be available on Macs was more important than the money.

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yardie 1316 days ago

Ahh yes. The time when Apple stocks were trading less than $1. And the company was on the express train to insolvency.

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robin_reala 1316 days ago

Ah, the old double-take-before-seeing-1997 trick.

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