Apple has stayed ahead of its peers amid widespread tech layoffs – until now.
The corporate is reportedly reducing a small variety of roles in its corporate retail team, reported Bloomberg. The precise variety of layoffs is yet to be known, but sources have told Bloomberg that Apple is approaching the layoffs as “improvement measures” and that the changes are intentional to enhance store maintenance all over the world.
Affected staff have been told they’ve until Friday to re-apply for other positions at the corporate, and people who don’t take up a recent position will receive 4 months of severance pay. Initiate.
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Although Amazon, Google and Meta have recently laid off 1000’s of staff, Apple has remained resilient with cost-cutting measures (delaying bonuses, limiting travel) to avoid job cuts. Also, while many tech giants went on a hiring spree throughout the pandemic, Apple avoided overstaffing – which can have contributed to its ability to avoid job cuts.
Still, Apple’s reported layoffs are small in comparison with other tech giants which have laid off staff en masse. It’s unclear if this was an actual streamlining effort or if it’s just the primary batch of redundancies for the iPhone maker.
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Last month, Bloomberg touched on Apple’s difference in technology layoffs, stating that if the corporate cut its workforce, “it will either signal that it had made a strategic mistake, or the world economy is in an excellent worse state than people feared.”
Nonetheless, it could be too early to call – not only are the layoffs minimal, but on the time of writing, Apple shares are up almost 33% for the reason that start of the 12 months.