Apple cuts 148 jobs

Apple Computer Inc. has confirmed that it will make 148 job cuts in its marketing and sales departments across Europe and the U.S.

According to its 10-Q regulatory filing recently posted with the U.S. Securities and Exchange Commission, Apple intends to reorganize its sales and marketing efforts — with 148 job cuts expected during the current fiscal year, which ends in September.

Apple confirmed in the posting that 69 positions had been terminated before the end of the second quarter of 2004.

This follows 200 jobs losses following the closure of Apple’s Sacramento, Calif. plant this April. Apple expects that these latest job cuts, and the plant closure, should save US$6 million per quarter in operating expenses.

The company anticipates absorbing the majority of charges related to restructuring its sales and marketing activities in the U.S. and Europe by the end of the fiscal year — it states that employee severance costs of US$7.7 million are expected.

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