Right here’s How Apple is Avoiding Mass Layoffs Amidst the Tech Slowdown


Whereas different tech giants similar to Meta, Microsoft and Google fired hundreds of staff, Apple hasn’t given into the strain, however why although?

Coming into into the final quarter of the yr, many tech corporations began shedding hundreds of staff. Main tech companies similar to Google, Meta and Microsoft laid off hundreds of staff, whereas the tech trade collectively laid off round 220,000 in just some months.

Whereas different tech giants have been shedding massive elements of their workforce, Apple by no means caved into the strain and saved holding onto its staff. However how did Apple undergo the tech slowdown with out reducing its worker depend? Effectively, the reply is straightforward, and it’s ‘environment friendly hiring’.

The COVID-19 pandemic introduced with itself a large growth for the tech trade, income skyrocketed and tech corporations employed hundreds of recent staff. Nonetheless, the pandemic boosted development quickly halted and the prices of recent staff pulled down development thus forcing the businesses to begin off a firing spree.

Then again, Apple was cautious all through the pandemic. The tech big had a safer strategy in the direction of hiring and employed far lesser staff than different companies throughout the pandemic. On prime of this, Apple was additionally capable of generate more cash per worker than corporations that over employed throughout the pandemic thus conserving it within the secure zone even after a devastating tech slowdown.

“This indicators a greater high quality of administration at Apple in comparison with different expertise corporations that clearly learn the indicators throughout the pandemic the incorrect approach” mentioned Saxo Financial institution A/S’s Peter Garnry whereas speaking concerning the tech layoffs.

In keeping with information, Apple’s headcount from 2020 to 2022 has elevated by simply 20%, different big tech companies however had a rise of about 60%.

“Apple is frugal by nature. It comes all the way down to the administration’s stewardship of shareholder {dollars} and a good deal with what development alternatives to put money into.” mentioned Credit score Suisse Group AG analyst Shannon Cross.


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