How Did Apple Avoid Mass Layoffs?

Almost all technology companies from Amazon to Netflix in the past days mass layoffs and fired hundreds of thousands of employees. However, Apple, one of the largest technology companies in the world, has not yet announced a mass layoff.

So all companiesreduce costsThe Cupertino tech giant lays off hundreds of employees for ” How does this stand up to costs?

There are 3 main reasons for this

According to the Wall Street Journal’s report, there are 3 main reasons Apple can currently withstand these cost and budget issues. The first of these is that the company is much more careful about expansion than its competitors. While nearly all tech companies are using every opportunity they can to grow, Apple has only when growth is seen as a guarantee small but steady growth.

The second reason is that unlike Google and Meta, the company’s biggest rivals, it starts new projects with very small groups. Especially Google and Meta recruit hundreds of employees for dozens of different projects every year, but many of these projects expires in a few years. Apple does not make such a mistake. Even with Apple’s smart glasses and Apple Car projects small teams of only a few people work known. In this way, the company makes small but effective progress with few employees and turns into financial profit.

The third and final reason, according to the Wall Street Journal, is that the company is thrifty on “employee happiness” compared to its competitors. For example, while the food and transportation costs of almost all of the employees in Google and Meta offices are covered by the company, Apple employees pay these expenses. he has to pay out of his own pocket. This provides Apple with hundreds of thousands of dollars in profit every year, and the company uses such savings. It can easily get through crisis periods.

Of course, there’s no guarantee at this time that Apple won’t do mass layoffs. However, according to statements from Apple analysts and industry experts, the technology giant from Cupertino did not make mass layoffs. It may remain as one of the rare companies.