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

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

34 points by 2Pacalypse- 3 years ago | 5 comments

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>

scarface74 3 years 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.

neallindsay 3 years 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.

yardie 3 years ago |

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

robin_reala 3 years ago |

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