On July 8, 1997, Steve Jobs begins his journey to becoming the CEO of Apple following Gil Amelio's departure after a significant quarterly loss.
Apple's CFO Fred Anderson temporarily takes over day-to-day operations until a new CEO is found while Jobs assumes an expanded role within the company.
Jobs' shift within Apple occurred as Amelio and Hancock left their positions due to the company's struggle to turn profitable and the need to cut jobs.
Jobs was initially reluctant to take over as CEO but eventually becomes the interim CEO in September 1997, leading Apple to profitability with successful products like the iMac, iPod, iPhone, and iPad.