Apple layoffs

Up until now, Apple has been able to avoid layoffs amid a time when every other big tech company have been letting go their employees. However, that is reported to soon change.

According to a new Bloomberg report, the Cupertino-based company will lay off a small number of employees from one of its retail teams.

The number of employees being laid off is reportedly “very small,” especially compared to other tech companies like Google and Spotify.

Back in February, Apple CEO Tim Cook said that he views layoffs as a “last resort kind of thing.” He added that while layoffs can’t be completely ignored, there are other ways to reduce costs and that Apple is “managing costs very tightly and is curtailing hiring in certain areas while continuing to hire in others.”

It’s worth noting however that with the upcoming layoffs, Apple is reportedly aiming to improve operations instead of cutting cost.

The layoffs are reported to affect employees that handle the building and up-keeping of retail Apple stores.

Apple doesn’t necessarily want these employees to not be a part of the company. Employees have been told to apply for a different position at the company by the end of the week, in case they want to remain a part of Apple. For those uninterested in continuing to work for the tech giant, Apple is offering up to four months of severance pay.

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Source: Bloomberg Via: The Verge

Thousands of people have lost their jobs due to recent layoffs at leading tech companies worldwide, but Apple employees aren’t part of that group, at least for now.

This is because Apple CEO Tim Cook belives layoffs aren’t the only answer to reduce costs.

“I view layoffs as a last resort kind of thing,” Cook told the Wall Street Journal. “You can never say never.”

While layoffs can’t be completely ignored, Cook told the publication there are other ways to reduce costs. Apple is “managing costs very tightly and is curtailing hiring in certain areas while continuing to hire in others,” he said.

But other factors also play a role in Apple retaining employees.

As 9to5Mac points out, the company didn’t rush to grow its employee count over the last couple of years like other tech companies did. Citing a January 21st report from the Wall Street Journal, Apple only grew its employee base by 20 percent between September 2019 and September 2022. In comparison, its competitors increased hiring between 57 percent and 100 percent.

However, it remains unclear if this will stay true for long. Apple’s most recent quarterly report shows the company’s most significant revenue decline since 2019.

Google and Spotify are among the many companies to recently layoff employees.

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Source: Wall Street Journal Via: 9to5Mac