Apple CEO Tim Cook explained why the company did not go for mass layoffs. According to the statement, Apple sees the dismissal as a “last resort”.
The 2022-2023 season is going to be quite challenging for the technology world. Because while the costs of the companies increase, their earnings are generally in a downtrend. As such, many companies, from Microsoft to Google and even Netflix, are waiting for this season. with mass layoffs is going through.
However, the US-based technology giant Apple has so far not been able to make mass layoffs. didn’t. The strategy followed by Apple was remarkable, while rival companies were shrinking significantly. This issue is covered by The Wall Street Journal Apple CEO Tim Cookwas asked. The answers were as remarkable as why Apple didn’t do a mass extraction.
Tim Cook: Mass layoffs are Apple’s last resort
Tim Cook used the following statements in an interview with the Wall Street Journal: their layoffs I see it as a last resort. You can never say never. However, costs as much as we can. in other ways We want to manage.
Apple Announced How Much Money It Made: How Many Apple Devices Are Used All Over the World
According to a recent statement, Apple isn’t hiring as many as other tech companies.
Again, the Wall Street Journal prepared a report on why Apple did not make mass layoffs in January 2023. Analyzing the September 2019-September 2022 period in this report, the editors found that while competitors showed 57 percent to 100 percent growth, Apple’s only by 20 percent was said to have grown. In other words, Apple was already recruiting very few personnel compared to its competitors.
Tim Cook voluntarily lowered his salary!
In a news we shared with you a few weeks ago, Tim Cook’s voluntarily lowering one’s own salary since you’re on your way we talked about. In fact, even this is a clear indication why Apple does not need to resort to mass layoffs. Because with the decision taken, Tim Cook will join the company in 2023. 35 million dollars The budget has been left. This amount of money could even save hundreds of employees from their jobs.
Here are all the companies that have made mass layoffs to date:
Hundreds of Thousands of Employees in Technology Companies Are Being Fired! Here are all the companies that took the decision of mass layoffs
So why mass layoffs?
Mass Resignation Over, Mass Fires Begin: Why Are Tech Giants Laying Tens of Thousands of People?