Microsoft, Netflix, Oracle and many more companies have laid off employees from their organizations. Earlier, the prestigious company Google has also warned the staff to lay off their jobs. After the news that Google was warning its employees came out, it has come to know that another prestigious company, Apple Inc., has fired its employees.Apple company lays off 100 contract workers; Warning from Google
There is a great celebration of employees laid off everywhere, including the giant companies of the world. Microsoft, Netflix, Oracle and many more companies have laid off employees from their organizations. Recently, the famous Google company (Google company) has also given a warning to the staff to be dismissed from the job. After the news that Google was giving to its employees came out, it has come to know that another prestigious company, Apple Inc., has fired its employees.Apple company lays off 100 contract workers; Warning from Google
Apple company to lay off 100 contract employees
Yes, Apple Inc has now laid off many of its contract workers in an effort to curb hiring and costs, according to a report. Bloomberg reported that Apple has cut nearly 100 contract-based jobs, leading the world’s largest company to hire new employees.
The sacked contractors will get two weeks’ wages and medical benefits, the company said. And recruiters who were full-time employees were retained at the company, the report said. Recruiters have been laid off in several locations, including Apple’s offices in Texas and Singapore.
What is the reason for dismissal of employees?
The company said the workforce reductions were made due to Apple’s current financial needs for the laid-off workers and changes in Apple’s current business needs. Apple Inc. Chief Executive Officer Tim Cook said last month that Apple will take drastic measures to cut costs.
We believe in investing through recession,” Tim Cook said, as quoted by Bloomberg.”So we’re going to continue to hire employees and invest in areas, but we’re going to be more intentional about recognizing the realities of the environment.He told that.
In 2019 also, the company had removed the staff
This is not the first time that Apple has let go of employees, Apple previously laid off many contract workers in Cork, Ireland in 2019.
Google warned employees
Looks like layoffs are imminent in Google as well. It has been reported that the company’s executives have already issued notices to their employees, with senior officials warning that employees will be fired if the results are not good.
Earlier this month, Google CEO Sundar Pichai said that many employees were not satisfied with the results of their work. Speaking about the company’s quality of work, Pichai said that productivity at Google is below where it should be. Thus, to increase the productivity of the company, the employees have been warned of layoffs. The company’s earnings for the second quarter of 2022 fell short of expectations, as did the first quarter.
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Thus, taking all these factors into consideration, the company will reduce recruitment and investment by 2023, CEO Sundar Pichai said.In recent months, several tech giants such as Meta Inc., Telsa, Amazon and others have laid off workers as they cut costs.
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