Following Google’s “blood in the streets” warning to its employees, Apple Inc. has now laid off many of its employees in an effort to limit its recruiting and expenditure, according to a report.
According to Bloomberg, Apple fired over 100 contract-based recruiters in charge of hiring new staff for the world’s most valuable firm.
Workers whose contracts were terminated were advised that they would be paid and given medical benefits for two weeks. According to the report, full-time recruiters were kept.
Apple informed the fired employees that the layoffs were necessary owing to the company’s current financial demands. Apple CEO Tim Cook stated last month that the company’s expenditure will be “deliberate.”
According to Bloomberg, Tim Cook stated, “We believe in investing through the slump.” “As a result, we’ll continue to recruit people and invest in regions, but we’ll be more cautious about it in light of the reality of the environment.”
Previously, Google placed its staff on notice, threatening layoffs if outcomes did not improve.
Google will conduct an “overall evaluation of sales productivity and productivity in general,” and if next quarter’s statistics “do not look up, there will be blood on the streets,” according to Google Cloud sales personnel.
Sundar Pichai, CEO of Google, stated earlier this month that he is dissatisfied with the job productivity of many workers. Mr. Pichai claims that productivity at Google is lower than it should be.