Steve Jobs takes leave of absence from Apple

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techie_007

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DailyTech - Steve Jobs Takes Leave of Absence from Apple

Team,

I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

I look forward to seeing all of you this summer.

Steve
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Seems I am the first to post this ;)
 
@greenhorn: 10.8% to be exact :P

Apple shares plummet on news of Jobs' medical leave | Apple - CNET News

Apple shares plunged 10.8 percent a share in after-hours trading Wednesday, after the company announced CEO Steve Jobs would take a medical leave until June.

Jobs said he would take a medical leave after learning his situation was more complex than initially believed.

Apple's shares fell as low as $76.11 a share in after-hours trading, down 10.8 percent from its close of $85.33 a share at the end of the regular trading session.
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@vishalrao: MS said to be considering same:

Microsoft expected to announce layoffs | Microsoft - CNET News
 
is it just me or are major corporations taking advantage of the recession trigger effect in order to reduce their employees?

sounds like they are using the recession as a perfect excuse to boost efficiency amongst their workforce.
 
sid_donnydarko said:
is it just me or are major corporations taking advantage of the recession trigger effect in order to reduce their employees?

sounds like they are using the recession as a perfect excuse to boost efficiency amongst their workforce.
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I would seriously doubt that. The effect of such a move on morale as well as the perception of that company in the job market would negate any gains that could be made. Think about it.
 
sid_donnydarko said:
is it just me or are major corporations taking advantage of the recession trigger effect in order to reduce their employees?

sounds like they are using the recession as a perfect excuse to boost efficiency amongst their workforce.
Click to expand...

Lots of people do not use the term recession but the term correction. It makes sense in some ways. Everyone cuts bloat. Corporations by cutting workforce and us personally by budgeting and spending within what we have. :P
 
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