Tuesday, March 19, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsIndustryFacing global heat, Apple lays off contract-based recruiters

Facing global heat, Apple lays off contract-based recruiters

Follow Tech Observer on Google News

As per reports about 100 contract workers were let go in a rare move for the world’s most valuable company.

Google News

Facing global slowdown, global technology major 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 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.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

Cisco completes acquisition of cybersecurity firm Splunk for $28 billion

The acquisition, valued at approximately $28 billion, one of the largest in Cisco's history, signifies a strategic move to strengthen its software portfolio amidst the growing interest in artificial intelligence technologies. 

RELATED ARTICLES