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Tech Layoffs: For some time now, a phase of layoffs is going on in big tech companies. Nothing can be said about how long this retrenchment will last. According to the information revealed, tech giants like Google, Amazon, Microsoft laid off on a large scale. Because of this, the people of the tech industry are holding their breath, they do not know when they will be fired. Some people felt that Apple would also lay off employees, whereas this did not happen. It is a matter of happiness that Apple has no plan to do this in future also. With this, the question is why didn’t Apple fire its employees like other companies?
Apple’s CEO, Tim Cook, has said that layoffs are a last resort, and that he would find other ways than lay off employees. This also shows that they haven’t completely ruled out the possibility of layoffs, but for now, Apple employees can breathe easy. Let’s know the reason for not laying off Apple yet in this news. Why hasn’t Apple been affected by the economic downturn yet?
Apple’s CEO himself reduced his salary
Apple CEO Tim Cook himself took a pay cut. According to reports, Cook feels that his salary is very high. Because of this, he has taken a cut in his salary, and his compensation package will be cut by about 50 percent. Now his compensation package will be USD 49 million (4.9 crore) in total. At the same time, in 2022, Cook received a salary package of USD 99.4 million (9.94 crore). In 2021, the total compensation package of Tim Cook was around USD 98.7 million (9.87 crore).
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Apple did not recruit excessively
Recently, a big reason behind tech layoffs is to hire many people. At the time of Kovid, due to work from home, companies recruited many people. Although Apple did not do this.
Apple didn’t spend money on freebies
Unlike other major tech companies, Apple does not provide free lunch to its employees, which helps the company save a lot of money.
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