In the last week, Apple has laid off nearly 100 contract workers

In the last week, Apple has laid off nearly 100 contract workers ...

In the last week, Apple has laid off nearly 100 contract employees.

Apple Inc. had terminated the contracts of roughly one hundred temporary employees in the previous week, revealing the latest development in the tech industry's tight labor market. According to several reports, the hiring process included the rehiring of contract employees who had been let go as part of the company's commitment to reduce expenditures and unnecessary expenses.

Apple, the inventor of the iPhone, made the decision earlier this year to reduce open positions in several departments due to recessionary concerns. During the earnings conference call, Apple CEO Tim Cook said the company would be more cautious with its expenditure but would continue to invest in certain areas. Other digital businesses that have either cut off people or restricted hiring are LinkedIn, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel, and Salesforce.

Google Cloud's senior leadership allegedly threatened to put the company's sales people on the streets if earnings did not reach their expectations, causing widespread concern among Google Inc. employees. Sundar Pichai, the company's CEO, reportedly discussed how to improve the quality of customers' services.

Pichai has already predicted that the macroeconomic environment would remain unfavorable for the foreseeable future. Microsoft recently announced the removal of 200 positions on its team responsible for regaining lost customers. The IT company is said to have told 200 employees of the Modern Life Initiative to start looking for new jobs within the next 60 days.

You may also like: