Apple cutting its worldwide labor force by 16%
Article Abstract:
Apple announces plans to reduce its worldwide work force by 2,500 employees, or 16 percent, and will take a charge against 3rd qtr FY 1993 earnings to cover the layoffs. Some analysts predict the charge may be as high as $300 million, causing a loss for the quarter. In May 1991, Apple took a charge of $224 million to cover the cost of reducing its work force by one-tenth. The layoff announcement comes two weeks after Apple Chmn John Sculley gave up his CEO position, and raises questions about whether the company can continue to go it alone in an increasingly standards-driven computer marketplace. Sculley has apparently become increasingly pessimistic about Apple's long-term prospects. In recent months he has sought mergers with Apple and AT and T. Apple's Macintosh is the last significant competitor to the industry standard of microcomputers using Intel microprocessors and running Microsoft software.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1993
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Overhaul at Unisys to cut jobs; move seen as blow to I.B.M. challenge; slowdown is cited
Article Abstract:
Unisys Corp will reorganize its operations, reducing its work force by up to 8 percent by the end of 1990. The administrative and technical parts of the US marketing operation will be consolidated, manufacturing will be reduced worldwide, product offerings will be cut back and streamlined, and desktop computers will be produced in-house. The reorganization will reduce the expenses of the company by as much as $400 million by the end of 1990. The cutbacks should have a positive impact on the company's 4th qtr but may not save it from a loss in the 3rd qtr. Unisys' mainframe computer business is declining, the company's connectivity strategy is not generating profit, and the Unix market on which it is concentrating has become highly competitive. Earnings for the 2nd qtr of 1989 were down 67 percent. Revenue in 1987 amounted to $9.7 billion, and $9.9 billion in 1988.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1989
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It's batten-down, button-down time at Apple
Article Abstract:
New Apple CEO Michael Spindler is giving signs of his tough management plans. The day after the company announced plans to lay off one-sixth of its work force, Spindler announced a companywide pay freeze and immediate plans to cut by 5 percent the pay of all executives at the VP level and higher. Spindler, a 13-year company veteran, replaced John Sculley Jun 18, 1993. Sculley, who remains as Chmn, wanted more time to focus on long-range issues. Some industry analysts predict Apple will have to quickly change its laid-back, jeans-clad corporate style in order to compete for price-conscious consumers. Many Apple employees indicate Spindler is more in tune with the Apple corporate culture than Sculley, who was recruited by company co-founder Steve Jobs in 1983.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1993
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