One Tech Giant Isn't Joining the Current Layoff Round - Dice Insights

Even arsenic immoderate of tech’s biggest companies chopped staff, Apple has yet to denote immoderate important layoffs. But why?

According to The Wall Street Journal, the reply is simple: Apple CEO Tim Cook refused to emulate different companies’ rampant hiring sprees. “From its fiscal year-end successful September 2019 to September 2022, Apple’s workforce grew by astir 20 percent to astir 164,000 full-time employees,” the paper calculated.

It was a antithetic communicative astatine tech giants similar Microsoft, wherever worker headcount roseate 53 percent implicit the aforesaid period, oregon Google, wherever headcount grew 57 percent. At Meta (formerly Facebook), the fig of employees astir doubled during a two-year period. 

Apple is besides notable for offering less perks to its employees (for example, you request to wage for luncheon astatine the Apple Park campus, versus the escaped nutrient offered astatine Google), though specified spending is astir apt a insignificant portion of the equation erstwhile it comes to thing similar wide layoffs.

“While aboriginal Apple layoffs can’t beryllium ruled out… the institution whitethorn trim headcount done attrition, alternatively than firings: simply not replacing radical who permission the company,” 9to5Mac suggested.

Among the apical tech companies, the layoffs person proven significant. Alphabet, the genitor institution of Google, plans connected laying disconnected 12,000 employees, oregon astir 6 percent of its full workforce. Meta, Microsoft, Salesforce, Twitter, and different companies besides person plans to laic disconnected thousands of tech professionals.

However, it’s important to support successful caput that, adjacent arsenic the tech giants chopped back, tech professionals are inactive needed for each kinds of jobs successful virtually each assemblage of the economy. According to the latest information from the U.S. Bureau of Labor Statistics (BLS), the wide tech unemployment complaint remains 1.8 percent. Also, the tech giants proceed to person ambitious plans, and volition yet request to statesman hiring again successful cardinal areas specified arsenic instrumentality learning, augmented world (AR), and beyond.