View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 6, 1993

APPLE SPELLS OUT THE DAMAGE: 2,500 JOBS ARE TO GO WORLDWIDE…

By CBR Staff Writer

The boom fell at Apple Computer Inc yesterday as the company confirmed that it will lay off about 2,500 workers as part of a broad restructuring to take effect over the next 12 months. Most of the layoffs will be completed this month, including 30 at the plant in Cork, Eire, which inter alia makes the PowerBooks for the world; the cuts in Ireland are relatively low because the company notes that manufacturing is set to play a key role in increasing market share. What will have to be very significant restructuring costs will be accounted for in the company’s third quarter ended June 25. The cut represents about 15.6% of the total workforce of about 16,000. Apple described the cuts as a broad re-engineering of the company to accelerate revenue, unit and earnings growth. It said it will release additional details including organisational changes designed to allow the company to compete more effectively, soon.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU