Tue 16 August 2022:
Following Google’s “blood in the streets” warning to its employees, Apple Inc. has now laid off many of its employees in an effort to limit its recruiting and spending, according to a report.
According to Bloomberg, Apple sacked about 100 contract-based recruiters who were responsible for hiring new employees for the world’s most valuable company.
The workers whose contracts were terminated were informed they would receive payment and medical benefits for two weeks. Recruiters who are full-time employees were retained, the report said.
Apple told the sacked workers that the cuts were made due to the company’s current financial needs. Chief Executive Officer Tim Cook had said last month that Apple would be “deliberate” in its spending.
“We believe in investing through the downturn,” Tim Cook had said, as quoted by Bloomberg. “And so we’ll continue to hire people and invest in areas, but we are being more deliberate in doing so in recognition of the realities of the environment.”
Earlier, tech giant Google put its employees on notice, warning them of layoffs if results do not pick up.
Google will conduct a “overall examination of sales productivity and productivity in general,” and if next quarter’s statistics “do not look up, there will be blood on the streets,” according to Google Cloud sales personnel.
Sundar Pichai, CEO of Google, stated earlier this month that he is dissatisfied with the job output of many employees. Mr. Pichai claims that productivity at Google is lower than it should be.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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