Apple stands out from other companies in the sector with an important decision!
The prosperous prospects that had favored the growth of technology companies In recent years, since hiring employees, it has not been immune to changes in the global economy. After an acceleration that seemed unstoppable, the bubble burst and the layoffs and other measures were the daily bread. But Apple does not want to do the same.
This week, during the presentation of the financial results for the second quarter of 2023, Apple CEO Tim Cook addressed an issue currently affecting workers in the industry. In his speech, Cook said he insisted mass layoffs were not part of Apple’s current plans and called the job cuts a “last resort”.
Apple will protect its employees as long as it can
Cook has repeatedly stated that, at this time, Apple does not plan to make any mass layoffs. In an interview with the Wall Street Journal in February, the executive said ‘you can never say never’ but the company is managing costs in another way to avoid having to resort to mass layoffs .
Despite the efforts, those of Cupertino are not completely safe. Some jobs have been affected by the current economic downturn. Last month, the company cut several hundred jobs for development and maintenance teams responsible for building Apple retail stores and other facilities around the world.
Internally, Apple called the moves a “streamlining effort” rather than layoffs, and let employees know the changes were aimed at improving store maintenance around the world. Besides, The company has assured that it will provide support to the employees affected by these measures. Some of the workers concerned were able to apply for other positions within the company.
During, posted quarterly revenue of $94.8 billion, down 3% year-over-year, and quarterly earnings per diluted share of $1.52, flat year-over-year. It again posted an all-time high for services and a quarterly high for iPhone in March despite the challenging macro environment.
These results undoubtedly allow the company avoid the greatest movement of labor in the face of an uncertain economic environment.
