I sense this Apple positivity in the news cycle will fade next week when the earnings report comes out.
Apple: The only big tech giant going against the job cuts tide
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Re: Apple: The only big tech giant going against the job cuts tide
#22Earlier quoted context omitted.
That cash pile belongs to investors and stock holders.
And is managed by a CEO who is choosing not to lay off workers. Are you saying that Apple is wrong to not do layoffs? You can go express that with your votes in the investor meeting, that you don’t want Apple to be the star in these PR pieces about being a great employer who doesn’t lay off employees.
I read their comment as implying that Apple should distribute that cash pile to investors through buybacks or dividends.
I don't know what about their comment implies they want layoffs.
Re: Apple: The only big tech giant going against the job cuts tide
#23I sense this Apple positivity in the news cycle will fade next week when the earnings report comes out.
What positivity? This is just a bunch of facts showing Apple hasn’t laid off folks in the past and didn’t over hire recently so it probably won’t lay off folks.
Re: Apple: The only big tech giant going against the job cuts tide
#24Earlier quoted context omitted.
That cash pile belongs to investors and stock holders.
And is managed by a CEO who is choosing not to lay off workers. Are you saying that Apple is wrong to not do layoffs? You can go express that with your votes in the investor meeting, that you don’t want Apple to be the star in these PR pieces about being a great employer who doesn’t lay off employees.
I think you’re both seeing this discussion as way too adversarial and/or political, as well as assuming the GP was insinuating some underlying point you disagree with rather than just being pedantic.
Re: Apple: The only big tech giant going against the job cuts tide
#25Adobe is swimming against the layoff tide as well.
Granted it’s comparing apples to… adobes, but my point is it’s not all doom and gloom in the valley.
Re: Apple: The only big tech giant going against the job cuts tide
#26https://techpp.com/2023/01/25/tech-layoffs-apple-2023/ > Amazon, for instance, hired about 780,000 people during the pandemic. Meta, too, had more than doubled its staff in this period, going from about 40,000 to 87,000. Even Microsoft had hired about 77,000 people just before the pandemic. > Apple, in comparison, is believed to have hired under 20,000 people during the period of the pandemic. Can't layoff people you…
Did the pandemic really increase business so much that they had to hire that many people?
Re: Apple: The only big tech giant going against the job cuts tide
#27Re: Apple: The only big tech giant going against the job cuts tide
#28https://techpp.com/2023/01/25/tech-layoffs-apple-2023/ > Amazon, for instance, hired about 780,000 people during the pandemic. Meta, too, had more than doubled its staff in this period, going from about 40,000 to 87,000. Even Microsoft had hired about 77,000 people just before the pandemic. > Apple, in comparison, is believed to have hired under 20,000 people during the period of the pandemic. Can't layoff people you…
Did the pandemic really increase business so much that they had to hire that many people?
The government incentives were based on employees.
Re: Apple: The only big tech giant going against the job cuts tide
#29https://techpp.com/2023/01/25/tech-layoffs-apple-2023/ > Amazon, for instance, hired about 780,000 people during the pandemic. Meta, too, had more than doubled its staff in this period, going from about 40,000 to 87,000. Even Microsoft had hired about 77,000 people just before the pandemic. > Apple, in comparison, is believed to have hired under 20,000 people during the period of the pandemic. Can't layoff people you…
Where did all these people come from?
Re: Apple: The only big tech giant going against the job cuts tide
#30Earlier quoted context omitted.
Google, Facebook, Microsoft, … are also sitting absolutely giant piles of money as well.
Google has the focus of a crack addled flea and has products that aren’t profitable and people working on them - including probably 4 new messaging apps simultaneously. Facebook predicted that it would lose billions in potential revenue because of Apple making tracking optional. Microsoft is basically just cutting employees that are on products that it doesn’t care about anymore. You can say what you will about Apple…
Apple does a much better job than most big tech companies of canceling or rebooting projects they don’t think will be successful before they ship rather than after. See for example the car project and AR/MR, both of which have been restarted more than once.