IT House reported on February 3 that while technology giants such as Amazon, Google and Meta have recently laid off a large number of employees, Apple has not done so. In a recent interview with The Wall Street Journal, Apple CEO Tim Cook brought this up, saying he views layoffs as a “last resort.”
Cook admitted,Apple has made changes to its spending and hiring plans. For example, the company is “managing costs very tightly, scaling back hiring in some areas while continuing to hire in others.”
Cook went on to say layoffs are a ‘last resort’the firm would prefer to manage costs in other ways. Cook said: “I think layoffs are a last resort. There are no absolutes in this world. We hope to manage costs in other ways to the extent we can.”
A January report from The Wall Street Journal speculated on why Apple avoided layoffs, and one of the biggest reasons cited in the report was,Apple has been more restrained in hiring than other companies over the past three years. Between September 2019 and September 2022, its rivals have seen headcount increases of between 57% and 100%, while Apple’s headcount has grown by around 20%.
The report also notes that Apple has taken a “lean” approach to employee benefits (at least compared to other technology companies) and a very methodical approach to investing in projects with less certain prospects. way of doing. Apple, for example, is investing heavily in projects like AR and VR, but at a slower pace than companies like Meta and Facebook are investing in new areas.
But as Cook himself said in today’s interview, the possibility of Apple layoffs cannot be completely ruled out. But for now, it doesn’t appear to be happening anytime soon. Apple has other ways to reduce its workforce, such as attrition: not replacing people who leave the company.