Delayed bonuses, project delays and more: How Apple has managed to avoid major layoffs

Tech layoffs have been in the headlines for the past few months, with many big companies like Google, Meta, and Microsoft handing out pink coupons.

These giants claim that the economy has slowed down compared to how it was during the pandemic, and revenues have fallen, which means reducing the workforce, which, as Mark Zuckerberg, CEO, Meta claims, brings efficiency. But if there’s one company that’s stayed out of the layoff conversation in 2023, it’s Apple.

Many have wondered how the Cupertino-based giant has been immune to the supposed slowdown and how it has managed to keep its entire workforce in such a situation. Apple has decided that instead of cutting staff, it makes sense to cut costs on various projects in order to retain employees.

Some might say that Apple’s financial books are healthy enough to help the company avoid layoffs. But that doesn’t mean it has to do business without cuts, and according to a Bloomberg report, Apple believes its current position and future plans mean layoffs could slow its growth in the market. Apple also understands that the potential layoffs suggest the company made some hiring mistakes that have caused its revenue to fall.

The report highlights the main factors that have helped Apple avoid these layoffs, and here they are:

– Delayed bonuses for corporate teams means it can save extra money and give it later in the year around October.

– The company has decided to push some product launches and focus the investment of time and resources on projects that need more help right now.

– Budget cuts and strict measures to ensure that group spending falls with a proper approval mechanism in place.

– Business travel has decreased, and for those who have to fly and stay in other countries, they need senior management approval to move forward.

– Apple has not fired its employees, but according to the report, the company has decided not to replace the people who leave.

It’s interesting to see Apple bucking the trend in a good way, and we want to see if other companies have the financial space to change projects instead of asking employees to leave.

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