‘Mass Layoffs At Apple Will Be Last Resort’, Says Tim Cook

Amid ongoing layoffs by tech giants like Meta-owned Fb, Amazon, Microsoft, Twitter and Google, amongst others, Cupertino-based Apple CEO Tim Cook dinner has mentioned that layoffs on the iPhone maker shall be made solely a “final resort”, media studies say. This comes amid a world financial slowdown and Apple has additionally slowed the tempo of recent hiring and reducing prices.

“I view that as a final resort and, so, mass layoffs isn’t one thing that we’re speaking about at this second,” the Apple CEO was quoted as saying by CNBC.  Nevertheless, the world’s most precious tech firm didn’t rule out the potential for shedding staffers. Cook dinner was additionally quoted as saying that the corporate was “being extraordinarily prudent” in hiring.

The Apple CEO was additional quoted by CNBC that he views layoffs “as a final resort” and “mass layoffs isn’t one thing that we’re speaking about at this second”.

Also read: Apple-Maker Wistron To Wind Down India Business After Tata Electronics Takeover: Report

It needs to be famous that Apple laid off a small variety of staff in its company retail division earlier final month, counsel studies. Apple was maybe one of many few firms that didn’t rent the best way different tech majors did through the Covid-19 pandemic and for this reason it’s higher positioned to not lay off staff.

Apple’s March Quarter Income

Earlier final week, Apple reported its March quarter outcomes and the tech large reported income of $94.8 billion within the first quarter (Q1) of this yr, which is down 3 per cent YoY, however the firm posted a revenue of $24 billion, beating analysts’ expectations amid a slowing financial system. Bumper iPhone gross sales contributed $51.3 billion to Apple’s income on this quarter.

“As we speak, we’re reporting income of $94.8 billion for the March quarter, which was higher than our expectations. We set an all-time file for Providers and a March quarter file for iPhone. We had been significantly happy with the efficiency we noticed in rising markets and achieved all-time information in Mexico, Indonesia, the Philippines, Saudi Arabia, Turkey and the UAE, in addition to a lot of March quarter information, together with in Brazil, Malaysia and India, Tim Cook dinner, Apple’s CEO, had mentioned in an announcement.

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Apple iPhone gross sales elevated 1.5 per cent to $51.33 billion. Nevertheless, Mac gross sales declined greater than 30 per cent to $7.17 billion.

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