On Thursday, Apple shared its fiscal Q2 2023 earnings report with income of $94.8 billion, down 3% year-on-year. Nonetheless, CEO Tim Prepare dinner insists that mass layoffs aren’t a part of Apple’s present plans. He reiterated at the moment that he sees job cuts as a “final resort.”
Apple CEO says layoffs are off the desk
Whereas tech giants like Amazon, Google, and Meta have laid off 1000’s of workers lately, Apple has prevented doing so. In an interview with CNBC, Prepare dinner acknowledged {that a} mass layoff of workers “shouldn’t be one thing that we’re speaking about at this second.” He added that, in contrast to different massive tech corporations, Apple sees layoffs “as a final resort.”
This isn’t the primary time Prepare dinner has mentioned that Apple shouldn’t be planning mass layoffs for now. In February, the manager informed the Wall Avenue Journal that “you possibly can by no means say by no means” however that Apple has been managing prices in different methods to keep away from mass layoffs.
Nevertheless, whereas Apple shouldn’t be slicing 1000’s of jobs like different Silicon Valley corporations, some job roles there have been affected by the continuing financial downturn. Final month Apple reduce lots of of positions from the event and preservation groups, that are liable for constructing Apple Retail Shops and different firm services around the globe.
Internally, Apple has communicated the job cuts as a “streamlining effort” somewhat than layoffs. The corporate informed workers that the adjustments ought to “enhance repairs of shops globally” and that affected workers may have help from Apple. A number of the affected workers had been in a position to apply for different positions on the firm.
You possibly can learn Apple’s full earnings launch on this submit on Apple Newsroom. Keep tuned to 9to5Mac for extra protection from the AAPL earnings name with Tim Prepare dinner and Luca Maestri subsequent. It’s also possible to pay attention dwell by way of the firm’s Investor Relations web site at 2:00 pm PT/5:00 pm ET.
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