"Not layoffs but streamlining". I'm sure Apple's fancy euphemism will make those laid-off employees feel better.
I suspect the 4 months pay will help."Not layoffs but streamlining". I'm sure Apple's fancy euphemism will make those laid-off employees feel better.
Lmao “Inventory correction““Apple told employees that these are not layoffs, but streamlining.”
So if I take an iPhone without paying for it, it’s not stealing, it’s inventory correction.
Yes, taking a responsible attitude towards employees during economic downturns can have long-term benefits for a company. As John Young emphasized, retaining key staff members can help a company recover more quickly when the industry rebounds."Slowing hiring has allowed Apple to avoid the widespread layoffs that other tech companies have announced in recent months."
Responsible attitude. Decades ago in the techno slump of 1985 I listened to John Young, then-President and CEO of Hewlett-Packard, speaking at Comdex on the subject of 'Surviving the industry downturn'. Young stressed it was important not to lose key staff as these would be needed as the industry recovered, and instead of redundancies, HP had imposed a 5% cut in staff salaries, with executives taking a 10% cut.
I find it quite sad that a company with $20B in cash, another $180B in investments and assets, which made a made of $30B in the last quarter alone feels the need to lay off some of its lower earning employees.
I understand that all areas of a business should be individually profitable and that this is the nature of doing business, but there’s just something about it that feels morally wrong. Gotta keep that share price high and squeeze out a few more million in profit rather than keep relatively low-earning Josh from Ohio and hundreds of others in a job.
I love how 30 an hour is seen as a poor wage in the US. Here in the UK that would be around the 85th percentile and an extremely respectable amount of money to be onApple: Makes $30 billion in profit every quarter
Also Apple: Here let’s fire some people making $30 an hour! That’ll really move the needle.
Same is true in USA. It isn’t the absolute dollar amount involved, it’s the comparison of it to Apple’s profit.I love how 30 an hour is seen as a poor wage in the US. Here in the UK that would be around the 85th percentile and an extremely respectable amount of money to be on
It’s Ironic that today Apple’s HQ building sits atop the bones of that long-lost corporate culture."Slowing hiring has allowed Apple to avoid the widespread layoffs that other tech companies have announced in recent months."
Responsible attitude. Decades ago in the techno slump of 1985 I listened to John Young, then-President and CEO of Hewlett-Packard, speaking at Comdex on the subject of 'Surviving the industry downturn'. Young stressed it was important not to lose key staff as these would be needed as the industry recovered, and instead of redundancies, HP had imposed a 5% cut in staff salaries, with executives taking a 10% cut.
$30 an hour won't get you the boat, the $70,000 car, mc mansion, and all the other must have materialistic status symbolsI love how 30 an hour is seen as a poor wage in the US. Here in the UK that would be around the 85th percentile and an extremely respectable amount of money to be on
Yeah, I'm sure people who are losing their jobs will find a crumb of comfort in that their bleak immediate future keeps some faceless shareholders happy. A sacrifice that affects them and their families that they will be honoured to take on the chin.Apple must do this to protect value for shareholders. Sucks for those who need to be terminated, but I hope they appreciate the greater good.
Yeah! AI androids are replacing those retail employees. That is so sad.I Really wish people would read and understand the story before commenting.
Income cut off just in time for summer. Awesome!I suspect the 4 months pay will help.
In the early 2000s, I worked for a certain well-known microprocessor company. When I was hired, they boasted that the company had never had a layoff in its history. Less than a year later, I was one of 1,100 people who were being "redeployed," to use their term. (The expensive startup division for which we were hired was a failure.) That meant we had two months to find another job within the company. There were approximately 100 openings. But the company still maintained that it wasn't a layoff.I've been through this sort of thing myself. The position is eliminated, but the employee is allowed a certain period of time to apply for an open job elsewhere in the corporation.
Apple has fired over 100 employees from the 5th ave apple store, over 70 at grand central terminal, 60 at upper west side, and similar numbers at every other store. Apple is terminating about 10000 retail hourly employees, the lowest earners at the company, wonderful right?
Apple is planning to cut a small number of corporate retail employees that are on its development and preservation teams, reports Bloomberg. The employees that are part of the downsizing handle the construction and upkeep of Apple retail locations worldwide.
![]()
It is not clear how many positions Apple is eliminating, but Bloomberg says the cuts are "likely very small." Still, this is the first known report of Apple culling its internal workforce to cut spending. Back in June 2022, the company laid off up to 100 contractors that handled recruiting, but contractors are not full-time workers. Apple has also cut engineers and security guards that held contracting roles.
Apple told employees that these are not layoffs, but streamlining, and that the changes are aimed at improving the upkeep of stores globally. Those who were cut have the option to reapply for positions similar to their prior job, and those who do not take on a new role could get up to four months of pay.
Apple in November paused hiring for most jobs outside of research and development, and in March of this year, Apple expanded the hiring freeze. For many teams, Apple has halted hiring, and when employees leave, positions are being left open. Slowing hiring has allowed Apple to avoid the widespread layoffs that other tech companies have announced in recent months.
Twitter has eliminated thousands of employees following the takeover by Elon Musk, and last month, Facebook announced plans to lay off approximately 10,000 employees. Microsoft cut its AI ethics team in March following several prior layoff events, and Google parent company Alphabet laid off 12,000 employees in January.
Article Link: Apple Laying Off Some Corporate Retail Employees
And it depends on where you are. Where we are it was decent until all these prices spiked.$30 an hour won't get you the boat, the $70,000 car, mc mansion, and all the other must have materialistic status symbols
I did. Did you?And if they choose not to, they can get up to 4 months pay. Did you even read the story?
That definition is corporate retailing as a distribution channel. Not 'corporate retail' as an employee category.What is corporate retail?
Corporate retailing: It involves retailing through corporate channels like chain stores, franchises, and merchandising conglomerates. Corporate retailing focuses on retailing goods of only the parent or partner brand.
Source: feedough.com via a Google search.