In less than three months, four of the big five US tech companies have cut tens of thousands of employees combined, shattering myths about the industry’s seemingly unstoppable growth in the process. But there has been one notable exception: Apple. To date, Apple\n \n has not announced any substantial cuts, thanks in part to slower headcount growth than some of its peers during the pandemic and continued demand for its core products.
Apple, by comparison, grew its headcount by a more modest 20%. As of September 2022, Apple said it had approximately 164,000 full-time employees. Many tech CEOs, with varying degrees of remorse, have blamed over-hiring in the early days of the pandemic for the mass layoffs now. As pandemic restrictions eased last year, the demand for digital services shifted back toward pre-pandemic levels.
It hasnt fallen off from the tree, not yet
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford drops the price of its Tesla competitor | CNN BusinessFord is boosting production of its popular Mustang Mach-E electric SUV and dropping its sticker price weeks after Tesla dropped prices of its vehicles. The move represents a substantial roll-back of price hikes Ford announced last summer on the 2023 models -- but buyers may still be paying somewhat more than before the increases. Popular? cant believe you got me to click on a article. Well played. I've never seen one on the road, but I'm sure it's a huge hit
Source: CNN - 🏆 4. / 95 Read more »
US court rejects J&J bankruptcy strategy for tens of thousands of talc lawsuits | CNN BusinessJohnson & Johnson’s strategy to use bankruptcy to resolve the multibillion-dollar litigation over claims its talc products cause cancer was rejected by a federal appeals court on Monday, but the healthcare conglomerate said it would challenge the ruling. Will they do the same with their vaccines? I love this baby powder 🥰 SIfill_ 2 tiered system ftw
Source: CNN - 🏆 4. / 95 Read more »
Prosecutors say Sam Bankman-Fried tried to obscure his crimes with Robinhood's stock | CNN BusinessUS federal prosecutors have said FTX founder Sam Bankman-Fried’s efforts to control about $500 million worth of Robinhood shares last year indicates steps the former crypto entrepreneur has taken to “obscure” his alleged crimes Is this why robinhood froze out on the GME? Biblioteca Tramonte in Palermo
Source: cnni - 🏆 326. / 59 Read more »