Tim Cook Says Apple Still Not Considering 'Mass Layoffs'

by

Apple CEO Tim Cook today said he still views mass layoffs as a "last resort," and ensured this is not something the company is considering right now.

Tim Cook MacBook
"I view that as a last resort and, so, mass layoffs is not something that we're talking about at this moment," said Cook, in an interview with CNBC.

Major tech companies like Google and Facebook parent Meta have laid off tens of thousands of employees in recent months amid economic uncertainty, after aggressively hiring during the COVID-19 pandemic. Apple has not made any mass layoffs of full-time employees, but the company has reportedly laid off some corporate employees within its retail teams, let go of some contracted recruiters, and stopped hiring for some roles.

In a regulatory filing last year, Apple said it had approximately 164,000 full-time equivalent employees as of September 24, 2022.

Tags: Tim Cook, Earnings, AAPL

Top Rated Comments

ethanwa79 Avatar
ethanwa79
4 weeks ago
A company that makes $24 BILLION PROFIT per QUARTER should never be considering mass layoffs. So I'm glad they aren't.
Score: 27 Votes (Like | Disagree)
TechnoMonk Avatar
TechnoMonk
4 weeks ago
If Tim Cook is smart, he should double down on some initiatives and increase the R&D resources and budget. Good time to get ahead when industry is cutting down.
Score: 27 Votes (Like | Disagree)
riverfreak Avatar
riverfreak
4 weeks ago
You cannot lay-off mass. But you CAN convert it to energy.
Score: 25 Votes (Like | Disagree)
NEPOBABY Avatar
NEPOBABY
4 weeks ago
Tight ships don’t need to throw their sailors into the ocean.
Score: 19 Votes (Like | Disagree)
TheYayAreaLiving ?️ Avatar
TheYayAreaLiving ?️
4 weeks ago

I wish they'd direct some of their huge workforce into rebuilding Music for Mac
or a stock Calculator App for an iPad. :rolleyes:
Score: 18 Votes (Like | Disagree)
sw1tcher Avatar
sw1tcher
4 weeks ago
No mass layoffs, just continue ('https://www.macrumors.com/2022/11/03/apple-hiring-freeze-cost-cutting/') their hiring freeze ('https://www.macrumors.com/2023/03/14/apple-cutting-costs-hiring-freeze-bonus-delay/') and a few cuts here and there ('https://www.macrumors.com/2023/04/03/apple-corporate-retail-employee-layoffs/') every now ('https://www.macrumors.com/2019/01/24/apple-project-titan-apple-car-layoffs/') and again ('https://www.macrumors.com/2019/02/27/apple-self-driving-car-project-layoffs/')
Score: 14 Votes (Like | Disagree)
Read All Comments