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Is the recession finally hitting Apple?
Yesterday we saw a price drop for desktops, now there are rumors of layoffs down on Infinite Loop.
According to a report in Valleywag, the company has dropped the axe on about 50 members of its corporate sales staff. An Apple spokesperson later denied this, but Apple spokespeople have a certain knack for denying reports left and right just before they confirm them, so you may not want to wipe if off the board just yet.
If layoffs have indeed begun, or if they will soon, it would mean that the economic crisis which has thus far been devastating other companies has finally reached Apple.
The company had thus far been able to escape much of the hardship others have felt. Never one for being overbloated, the company has never been one to go on massive hiring sprees, and the success of its computer business in recent years combined with financial restrain has led the company to amass a huge reserve of cash on hand.
Thus far, Apple has been able to weather the storm. Hopefully, they continue to. It would be welcome news to hear about at least one tech firm that didn't have to cut people loose.
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