Facing global slowdown, global technology major Apple has announced to lay off many of its contract-based recruiters in the past one week. The move is part of a push to rein in the tech giant's hiring and spending.
As per reports about 100 contract workers were let go in a rare move for the world's most valuable company, said the people, who asked not to be identified because the situation is private. The recruiters were responsible for hiring new employees for Apple, and the cuts underscore that a slowdown is underway at the company.
The company insiders claim that workers laid off were told the cuts were made due to changes in Apple's current business needs. Chief executive officer Tim Cook confirmed during Apple's earnings conference call that the company would be more “deliberate” in its spending — even as it keeps investing in some areas.
“We believe in investing through the downturn,” Cook told analysts. “And so we'll continue to hire people and invest in areas, but we are being more deliberate in doing so in recognition of the realities of the environment.” Apple is still retaining recruiters who are full-time employees, and not all of its contractors were fired as part of the move.
The move to lay off workers is unusual for the Cupertino, California-based technology giant, which employs more than 150,000 people. In recent months, Meta Platforms, Tesla , Microsoft, Amazon.com and Oracle have all eliminated jobs in the face of a tech spending slowdown.