Filings with the state of California show that 618 security guards and personnel who worked at Apple Inc.’s offices in Silicon Valley and elsewhere in the state have been laid off, but Apple says a majority have been or will be rehired.
“We are adding several new security vendors who will join our existing vendors in providing security services at our facilities in the U.S.,” the spokeswoman said. “The majority of security guards impacted by this transition have already accepted positions with the new vendors and we’re working closely with our partners to ensure a seamless transition.”
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That's corporate finance today. Downsize & outsource - reducing payroll & benefit costs. Rehired workers have worse health plans & retirement benefits.