As per a report, Apple Inc is all set to eliminate small number of roles from its corporate teams. As per the report, it will be people from the ‘development and preservation teams’
Though it is not clear about the number of job cuts, but the tech giant confirmed that the number could be very small.
These employees are responsible for the upkeep of retail stores.
Apple Plans To Streamline, Small Number of Roles To be Eliminated
Apple, as per the reports, plans to streamline rather than cutting the jobs off. As per the phone maker, these employees can later reapply for these roles.
As per the reports, those who do not get the jobs shall be getting 4 months of severance pay.
Other than this, some management roles could also be trimmed and the tech giant will likely hire some of these employees as individual contributors.
In these cases, they shall not be able to withdraw the same remuneration that they did in the present roles.
Speaking of the workforce, Apple had 1.64 lakh employees as of September 2022. While several other tech giants pumped up their headcount post pandemic, Apple stayed away from expansion and so far it has also managed to avoid major layoffs.
Citing global headwinds and restructuring, employees in the count of thousands have been laid off by Amazon, Meta – the parent company of Facebook, Google, Microsoft and several other tech giants.
Apple wiki
Founded in 1976, Apple is a tech giant that specializes in computer software, consumer electronics, personal computers and online services.
Initially focusing on the production of consumer and business computers, it was much later that the company forayed into a more diverse line of electronic products.
As of 2018, Apple was the world’s 11th largest company and the world’s largest information technology company.
Current Apple portfolio consists of personal computers, tablet computers, digital music players and smartphones.
Revolutionizing the entire smartphone industry with its screen-centric design and touch controls, iPhone rocked the world and continues to do so. Ever since its launch in 2007, its sales have only gone through the roof. As per 2018, Apple sold 218 million units. More than half of Apple’s revenue between 2013 and 2019 was from these smartphones.
The iPad, a line of tablet computers, counts as one of the very first players in the global tablet industry. Even though the global market share of the iPad has dropped since 2012, it still dominated the tablet market with a 31.4 percent share as of the third quarter of 2019.
