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A comment on Apple: The Only Big Tech Giant Going Against the Job Cuts Tide. Parent comment

Re:Apple: The Only Big Tech Giant Going Against the Job Cuts... by BbzzbB on Friday January 27, 2023 @02:12AM (#34543482)
Apple's buyback program probably has no equal, it's a sight to behold which demonstrates the power of sustained share repurchases. Sure, there are the Teledyne stories, but to do it at this scale is something else.

https://www.macrotrends.net/stocks/charts/AAPL/apple/shares-...

[ Parent | on HN ]
Re:Apple: The Only Big Tech Giant Going Against the Job Cuts... by tasuki on Friday January 27, 2023 @06:00AM (#34544719)
Agreed, but that chart is misleading: the number at the bottom should be 0, not 14.

The reduction in outstanding shares is from 26.5 to 16, which is still impressive, but perhaps less than the chart might make you believe at first sight.

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Re:Apple: The Only Big Tech Giant Going Against the Job Cuts... by BbzzbB on Friday January 27, 2023 @09:21AM (#34546310)
Well yes you have to read the axis, it's not any less impressive that a >$2T company shrunk outstanding shares by 40% this late in it's history.
[ Parent | on HN ]