Apple is reportedly cutting some positions in its corporate retail division in the primary known round of job cuts for the reason that start of the present economic downturn.
The layoffs will affect staff at Apple’s retail development and maintenance teams that oversee construction and maintenance at the iPhone maker’s retail stores, people acquainted with the matter he told Bloomberg on Monday.
The general variety of layoffs is “probably very small”, based on the outlet. Internally, Apple reportedly presents the move as an try and streamline the corporate’s retail operations slightly than a proper round of layoffs.
Affected employees have been told they need to reapply for other positions at Apple or be fired, The informant reported. The roles affected are said to be positioned in the US, Europe, and Asia-Pacific regions.
Based on Bloomberg, some executives who were forced to reapply could stick with the corporate as individual associates and for a lower pay rate.
Apple had a complete of 164,000 employees by September last 12 months.
![Apple](https://nypost.com/wp-content/uploads/sites/2/2023/04/NYPICHPDPICT000009201978.jpg?w=1024)
The precise variety of roles that were to be eliminated as a part of the shakeup was not immediately clear.
Up to now, Apple has avoided the large layoffs that affected Big Tech rivals during a major slowdown in a once-booming sector.
Amazon has announced plans to perform around 27,000 layoffs this 12 months, while Meta, Google and Microsoft have also confirmed major job cuts.
Apple declined Bloomberg’s request for comment on the cuts. The Post asked for further details.
![Apple](https://nypost.com/wp-content/uploads/sites/2/2023/04/NYPICHPDPICT000009201983.jpg?w=1024)
As The Post reported in February, Apple had already begun efforts to sever ties with a whole bunch of third-party contractors – employees who were technically employed by third-party companies but worked side by side with corporate employees.
On the time, sources said the tech giant decided to fireplace contractors immediately, slightly than waiting for his or her contracts to run out.
Apple CEO Tim Cook also voluntarily agreed to a 40 percent pay cut this 12 months, along with his annual salary dropping to $49 million in 2023 from $98.7 million a 12 months earlier.
![Apple](https://nypost.com/wp-content/uploads/sites/2/2023/04/NYPICHPDPICT000009201970.jpg?w=1024)
Before the company retail cuts, Apple’s last known round of layoffs was in 2019, when pink coupons were distributed to about 200 employees working on a self-driving automobile project.
Earlier this 12 months, Cook described layoffs as “a final resort” in an interview with the Wall Street Journal, though he admitted “you’ll be able to never say never.”