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Tim Cook: Mass layoffs a 'last resort' and off the table for the moment
vvswarup said:Tech companies like Meta and Google did massive layoffs because in the years leading up to the pandemic, they spent money left and right, and spent even more during the pandemic thinking that the money would flow forever-except it didn't. In the tech world, it was all about "growth", and "user base." Let's take Snap (formerly Snapchat) as an example. It was worth over a billion dollars-without a penny in revenue. When the tech media questioned this strange valuation, key investors, that too Harvard MBAs, replied that people didn't know how to value a company without revenue, as if being Harvard MBAs they had some secret method. People who used terms like "cash flow" and "profits" were derided as bean counters who couldn't innovate.
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I think there are two reasons behind the mass layoffs. First of all, the economic climate has gotten more uncertain with rising rates and the possibility of a recession. During such times, companies do have to focus on pursuits that are yielding cash flow. But I think there's another factor here. Tech companies' can't afford to have long periods of depressed or stagnating stock prices, not when employee compensation is tied to stock. Mass layoffs were tech companies' way of telling the market that they were serious about getting their costs under control and generating cash flow.
I think Apple is in a good spot with the cash reserves, but they've also bought into some of this with their services division. They also benefitted from the pandemic-effect in terms of phones/computers, which will now likely take a hit/correction. I guess it depends on how deep the recession gets, but they are about as well setup to survive as anyone. -
Tim Cook: Mass layoffs a 'last resort' and off the table for the moment
Apple is as well setup as most any company to weather some tough time. Their biggest liability, IMO, is their appeal to higher-end, and/or luxury markets. If times get really tough, they'll get really tough quite a way up the economic chain. I suppose people will still need phones and computers, but a lot of other areas could take a huge hit, and people will slow the upgrade cycle. Maybe we'll get lucky, and it will take out Services, heh! -
iOS 17 could introduce updated Control Center, says leaker
tipoo said:I just want that Snow Leopard release year with deep optimization, refinement, and bug fixes.If they were just able to fit in a few key features after doing that, cool. I hope they didn't give up that idea so they could market more new features.
But, absolutely. Focus on bug fixes. Start studying UI/UX again and do some work there.melgross said:
Most people won’t accept an upgrade with just minor features.
I don't think the typical Apple user even pays attention to what is going on, like we do. And, especially on iOS, a lot of the features are hidden enough, that if you don't run across some news story, or Apple advertise them in-OS/app, it might be a long time until they are discovered.braytonak said:
It would be helpful if the icons could use color to aid differentiation.fred1 said:
I agree. I can never turn on the Wi-Fi connection from Control Center. Even doing it from Settings takes 10 to 15 seconds every time. -
iOS 17 could introduce updated Control Center, says leaker
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Bitcoin whitepaper found hidden in macOS with unknown 'Virtual Scanner II' app