Apple to lay off a third of its workers (1997) (opens in new tab)

(wired.com)

34 points2Pacalypse-3y ago5 comments

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>

scarface743y 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.

neallindsay3y 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.

yardie3y ago

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

robin_reala3y ago

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

j / k navigate · click thread line to collapse