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The tech big has prevented mass layoffs lately, not like different corporations which have lower a whole lot of hundreds of jobs for the reason that pandemic.
In Could final yr, Apple boss Tim Prepare dinner advised CNBC, exterior that layoffs can be a “final resort”.
There have been greater than 50,000 job cuts within the trade to this point in 2024, based on tracker layoffs.fyi, exterior.
Excessive-profile corporations reminiscent of Amazon, Google, Microsoft, Snap and PayPal are among the many tech corporations to have introduced cuts in 2024.
Nonetheless, Apple has laid off far fewer individuals in comparison with their rivals.
It has a worldwide workforce of about 161,000, based on GlobalData, exterior.
Apple is the world’s most precious firm – however “nobody is proof against job cuts,” says trade analyst Paolo Pescatore of PP Foresight.
“Whereas this might sound vital on condition that it pertains to Apple as one of many final huge tech giants to make job cuts, it isn’t pushed by the necessity for efficiencies,” says Mr Pescatore.
“It feels extra like a shift of strategic focus into different new rising areas like AI,” he provides.
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