Apple laying off employees in its retail division

Share via:

Apple has been working hard to avoid mass layoffs in the midst of the current macroeconomic situation. Despite this, the firm has laid off hundreds of contractors this year. Apple is cutting some roles from its corporate retail teams for the first time since a “belt-tightening effort” last year.

Apple is laying off employees in its retail division.
According to Bloomberg, Apple is laying off employees from its “development and preservation teams.” These groups are in charge of constructing Apple Retail Stores and other facilities associated with the company all over the world. The number of positions being eliminated is described as “very small” in the report, but it demonstrates that not even Apple has been immune to the shrinking global economy.

Apple has described the job cuts as a “streamlining effort” rather than layoffs. The company informed employees that the changes will “improve store upkeep globally,” and that Apple will provide assistance to those affected.

Employees on these teams, according to sources cited in the report, will be able to reapply for other jobs at Apple. Those who do not get a new job with the company will also be paid for up to four months. According to reports, some management positions are also being eliminated. Apple, predictably, declined to comment on the situation.

People familiar with the situation revealed last year that Apple had suspended hiring outside of R&D unless it was absolutely necessary. In a statement, the company stated that it would continue to hire, but at a slower pace due to the current economic climate.

Since the COVID-19 pandemic, Apple has been more cautious about hiring, whereas other major technology companies have hired in large numbers. These companies are now all implementing mass layoffs. Meta laid off about 10,000 employees last month, after laying off 11,000 in November 2022.

Of course, it’s difficult to predict how much longer Apple will be able to function without laying off a large number of employees. The company had 164,000 employees in the most recent fiscal quarter.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Apple laying off employees in its retail division

Apple has been working hard to avoid mass layoffs in the midst of the current macroeconomic situation. Despite this, the firm has laid off hundreds of contractors this year. Apple is cutting some roles from its corporate retail teams for the first time since a “belt-tightening effort” last year.

Apple is laying off employees in its retail division.
According to Bloomberg, Apple is laying off employees from its “development and preservation teams.” These groups are in charge of constructing Apple Retail Stores and other facilities associated with the company all over the world. The number of positions being eliminated is described as “very small” in the report, but it demonstrates that not even Apple has been immune to the shrinking global economy.

Apple has described the job cuts as a “streamlining effort” rather than layoffs. The company informed employees that the changes will “improve store upkeep globally,” and that Apple will provide assistance to those affected.

Employees on these teams, according to sources cited in the report, will be able to reapply for other jobs at Apple. Those who do not get a new job with the company will also be paid for up to four months. According to reports, some management positions are also being eliminated. Apple, predictably, declined to comment on the situation.

People familiar with the situation revealed last year that Apple had suspended hiring outside of R&D unless it was absolutely necessary. In a statement, the company stated that it would continue to hire, but at a slower pace due to the current economic climate.

Since the COVID-19 pandemic, Apple has been more cautious about hiring, whereas other major technology companies have hired in large numbers. These companies are now all implementing mass layoffs. Meta laid off about 10,000 employees last month, after laying off 11,000 in November 2022.

Of course, it’s difficult to predict how much longer Apple will be able to function without laying off a large number of employees. The company had 164,000 employees in the most recent fiscal quarter.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Apple shelved the idea of integrating Meta’s AI models...

Days after the Wall Street Journal reported that...

The Laundry House: Redefining Premium Fabric Care And Cleaning...

Incorporated in 2015, The Laundry House has swiftly established...

CoinDCX Rolls Out Web3 Mode To Facilitate Crypto Purchases...

SUMMARY The Web3 integration will give users access to...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!