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Article: Apple to Cut Work Force By 30 Pct.; 4,100 Layoffs Aim To Bring Back Profits
- Article from:
- The Washington Post
- Article date:
- March 15, 1997
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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In its latest gambit to become profitable again, beleaguered
Apple Computer Inc. said yesterday it will lay off about 4,100
employees, or 30 percent of its work force, and scale back its
product line.
The company was vague about which models of its flagship
Macintosh desktop computers and Powerbook laptop computers would be
discontinued. It said it would continue to produce its Newton
hand-held computers for the time being.
Apple said the restructuring is intended to reduce annual
operating costs by $500 million. But in the short term, it will cost
money to implement the overhaul, resulting in a $155 million charge
against profits in Apple's fiscal second quarter, the company said. ...