“As the recession hits Silicon Valley, Apple watchers are on the lookout for any sign of serious cutbacks at the Cupertino, Calif., company. But concerns on Tuesday about a major layoff appears unwarranted, at least for now,” Yukari Kane reports for The Wall Street Journal.
MacDailyNews Take: The “rumor” originated with Valleywag’s Owen Thomas. Why, oh, why would anyone make up such a thing? (We ask facetiously, dripping with sarcasm.)
Kane continues, “People familiar with the matter say that no conference rooms have been booked (to break layoff news to employees) and that there is no massive layoff Tuesday as has been rumored.”
“Such action is doubly doubtful because if Apple was planning to cut jobs in California, where it’s headquartered, it would have had to notify the state according to state rules,” Kane reports.
Full article here.
MacDailyNews Take: Here’s a little quote:
We’ve had one of these before, when the dot-com bubble burst. What I told our company was that we were just going to invest our way through the downturn, that we weren’t going to lay off people, that we’d taken a tremendous amount of effort to get them into Apple in the first place — the last thing we were going to do is lay them off. And we were going to keep funding. In fact we were going to up our R&D budget so that we would be ahead of our competitors when the downturn was over. And that’s exactly what we did. And it worked. And that’s exactly what we’ll do this time. – Apple CEO Steve Jobs, February 2008
