Apple has avoided mass layoffs until now

Apple has avoided mass layoffs until now.However, the company’s latest cost-cutting measure includes eliminating jobs across its development and preservation teams, the corporate retail division that oversees the maintenance and construction of Apple stores.Most employees in these departments are being asked to reapply for similar roles, employees told Bloomberg. Those who don’t will be laid off and receive up to four months of severance pay, a source said, although they could be rehired in a contributor role for less pay.It’s unclear how many roles are being eliminated, sources said, but it impacts those in the U.S., Europe, and Asia-Pacific.🔗 Click the link in bio to read the full story.
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