Apple avoids job cuts by not over-hiring

One of the reasons why Apple is under less pressure than tech peers to slash jobs during the current economic slowdown is that hired more efficiently in the first place.

Apple avoids job cuts by not over-hiring
iPhone News
10-02-2023 13:22

During the industry’s pandemic-fueled hiring binge, Apple added fewer employees than other big tech firms. On top of that, the company generated far more revenue per new hire than its peers, according to data compiled by Bloomberg.

However, headcount can’t fully explain Apple’s edge over competitors. The company also generates some of the highest sales per square foot — an indication that its efficiency goes beyond hiring policies.

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