Apple is making redundant over 600 workers in California, marking the company’s initial significant wave of job reductions post-pandemic amidst a broader trend of consolidation within the tech industry.
614 Employees Terminated
Apple informed 614 employees across various offices on March 28 that their positions were being terminated, with the dismissals taking effect on May 27, according to reports submitted to local authorities.
The affected workers were from eight offices located in Santa Clara, as outlined in filings under the state’s Worker Adjustment and Retraining Notification Act, commonly referred to as WARN. However, specific details regarding the departments or projects involving the employees remain unclear.
The California-based company had stood out as a notable exception while other tech firms downsized their workforces over the past two years, according to Free Press Journal.
Substantial Recruitment During the Pandemic
There had been a significant surge in recruitment during the COVID-19 pandemic, as people increasingly engaged in online activities, leading to major tech companies expanding their workforce. Nevertheless, with growth tapering off, companies are now prioritising cost-cutting measures to fortify their financial performance.
Earlier this week, Amazon announced a fresh wave of redundancies, this time affecting its cloud computing business AWS.
In recent months, Electronic Arts, a video game developer, disclosed plans to reduce approximately 5 per cent of its workforce, while Sony revealed intentions to eliminate around 900 positions within its PlayStation division. Additionally, Cisco Systems unveiled plans to lay off over 4,000 employees, and social media firm Snap, the parent company of Snapchat, announced a 10% reduction in its global workforce.
(Finance World and The Free Press Journal have published the article under a mutual content partnership arrangement.)
