{"id":1243021,"date":"2023-02-19T10:12:24","date_gmt":"2023-02-19T04:42:24","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1243021"},"modified":"2023-02-19T10:12:57","modified_gmt":"2023-02-19T04:42:57","slug":"apple-starts-firing-contractual-employees-refuses-to-renew-thier-contracts","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/apple-starts-firing-contractual-employees-refuses-to-renew-thier-contracts\/","title":{"rendered":"Apple Starts Firing Contractual Employees; Refuses To Renew Thier Contracts"},"content":{"rendered":"\n

Apple which thus far has been the only Big Tech company to avoid mass layoffs has reportedly started sacking third-party contractors.<\/p>\n\n\n\n

\"Apple<\/figure>\n\n\n\n

The iPhone maker has begun severing ties with hundreds of contractors quietly.<\/p>\n\n\n\n

Their relationship with Apple<\/strong><\/p>\n\n\n\n

These workers were hired by third-party agencies but work with Apple employees on projects.<\/p>\n\n\n\n

They typically have contracts of up to 15 months with Apple, however as the New York Post reported, “Instead of waiting for contracts that are typically renewed every 12 to 15 months to expire, Apple is firing contractors outright.\u201d<\/p>\n\n\n\n

This is apparently a move to cut costs.<\/p>\n\n\n\n

One of the contractors reportedly said that Apple previously assured <\/a>the workers that their jobs were safe, a promise it has now broken.<\/p>\n\n\n\n

\u201cNever say never\u201d<\/strong><\/p>\n\n\n\n

The company hasn\u2019t disclosed the size of its contractor workforce, but reports say it may number into the thousands.<\/p>\n\n\n\n

CEO Tim Cook had called layoffs at the company a \u201clast resort kind of thing\u201d, adding that \u201cYou can never say never\u201d.<\/p>\n\n\n\n

He had told the Wall Street Journal that Apple is “managing costs very tightly and is curtailing hiring in certain areas, while continuing to hire in others.\u201d<\/p>\n\n\n\n

\u201cWe want to manage costs in other ways to the degree that we can,\u201d he was quoted.<\/p>\n\n\n\n

Revenue hit due to China<\/strong><\/p>\n\n\n\n

October and November were difficult months as it faced supply chain disruptions due to the Covid surge in China and protests at its key supplier Foxconn\u2019s main factory in the country.<\/p>\n\n\n\n

Cook said that Covid-related challenges \u201csignificantly impacted the supply of iPhone 14 Pro and iPhone 14 Pro Max and lasted through most of December\u201d.<\/p>\n\n\n\n

As a result of these challenges \u201cour revenue was down 5 per cent year over year\u201d, he added.<\/p>\n\n\n\n

Going good till now<\/strong><\/p>\n\n\n\n

Wedbush tech analyst Dan Ives says that Apple didn\u2019t overhire during the pandemic as the other major firms announcing mass layoffs have had. <\/p>\n\n\n\n

Its employee count went up by about 7 per cent in 2022 compared to 2021.<\/p>\n\n\n\n

Cook has already taken a huge pay cut <\/a>of $35 million, or more than 40 per cent of his compensation.<\/p>\n\n\n\n

Contractors considered disposable<\/strong><\/p>\n\n\n\n

One reason Apple has maintained silence over this development may be the fact that the firm doesn\u2019t consider contractors as their employees and so job cuts for such workers are not regarded as layoff in the company.<\/p>\n\n\n\n

Firing contractors is an easier <\/a>choice considering it won\u2019t have to pay severance or \u201cface potential litigation from employees alleging wrongful termination,\u201d a report from NYT said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Apple which thus far has been the only Big Tech company to avoid mass layoffs has reportedly started sacking third-party contractors. The iPhone maker has begun severing ties with hundreds of contractors quietly. Their relationship with Apple These workers were hired by third-party agencies but work with Apple employees on projects. They typically have contracts […]<\/p>\n","protected":false},"author":24,"featured_media":1243026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[55],"class_list":["post-1243021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple"],"acf":[],"yoast_head":"\nApple Starts Firing Contractual Employees; Refuses To Renew Thier Contracts - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/apple-starts-firing-contractual-employees-refuses-to-renew-thier-contracts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Starts Firing Contractual Employees; Refuses To Renew Thier Contracts - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Apple which thus far has been the only Big Tech company to avoid mass layoffs has reportedly started sacking third-party contractors. 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