According to Bloomberg, Apple fires over 100 contract-based employees who were in charge of filling open positions at the most valuable corporation in the world. It’s hardly unexpected because several leading IT businesses, including Apple, are either terminating workers or halting hiring in order to reduce costs.
All about the reasons why Apple Fires Employees & dismisses 100 contract employees?
According to the referenced source, Apple made the choice to limit spending and hiring, per informed sources. According to the source, Apple is laying off workers primarily due to changes in its present business requirements. However, it doesn’t appear that this is the only explanation as the tech giant stated on its earnings conference call that Apple would be more frugal with its spending. This essentially implies that the business is attempting to cut costs by terminating some employees, which is something that many tech businesses are doing out of worry for the recession storm that is predicted to hit shortly.
In the past, internet giant Google warned its staff that they could lose their jobs if the business did not improve, and according to sources, Microsoft recently let go of more than 2,000 workers.
According to Apple CEO Tim Cook, the company will keep making investments in some areas and keeping workers on staff. However, the brand is currently just slowing hiring.
