Why Is Apple The Only Big Tech That Hasn't Conducted Mass Layoffs?

Why Is Apple The Only Big Tech That Hasn’t Conducted Mass Layoffs?

Written by Roberta Souza

Published on 24/01/2023 at 12:46

Foto: Reprodução pixabay

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Is Tim Cook The Only CEO Immune To The Economic Crisis?

In recent months, almost all major tech companies have announced layoffs of thousands of employees. After months of mass layoffs, only one Big Tech remains: Apple. The global economic crisis has led to a decline in smartphone purchases, China is facing production issues, and the expectation is for a poor quarter. Despite all this, Tim Cook (CEO of Apple) seems immune to the problems occurring in the global landscape.

Management Philosophy That Prevents Mass Layoffs

The only time Apple conducted a mass layoff was in 1997, just a few months before Steve Jobs replaced Gil Amelio as CEO. A total of 4,100 employees were laid off, and some projects had to be canceled. Since then, Apple has become Apple.

The company aims to always launch products at the “Apple standard,” not to present major innovations just because the competition did. Even though the company “created the smartphones” we know today, the innovations in its products tend to be incremental and gradual.

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Large Hiring During The Pandemic Resulted In Mass Layoffs For Several Big Techs

Most Big Techs took advantage of the growth in electronics purchases that occurred in 2020-2021 to hire hundreds of thousands of employees. While Apple’s workforce increased by only 20%, some of its competitors saw growth of over 50% at that time.

The most recent mass layoff at Apple was in August of last year when the company laid off 100 employees from its workforce of 164,000. Of course, many people were laid off, but it doesn’t come close to the staggering number of layoffs that occurred at other Big Techs.

Why Is Apple The Only Big Tech That Hasn’t Conducted Mass Layoffs?

Is Tim Cook The Only CEO Immune To The Economic Crisis?

Management Philosophy That Prevents Mass Layoffs

Large Hiring During The Pandemic Resulted In Mass Layoffs For Several Big Techs

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

While cities spend fortunes patching potholes and tons of plastic become waste, the Netherlands transforms over 218,000 recycled cups into a modular bike path that can conceal drainage, cables, and pipes.

Empty beer bottle turns into sand, and the sand turns into concrete: an American city has discovered how to recycle glass locally using a solar-powered truck that crushes five tons of bottles per day in a local circular economy project.

While treasure hunters compete for the San José in Colombia and the Atocha in Florida, Andalusian archaeologists map a 17th-century Spanish galleon with 27 intact cannons and evidence of cargo linked to the colonial silver fleet at just 6 meters deep in the Bay of Cádiz.

While the US and China compete over who will first deploy a hypersonic aircraft on a commercial route, JAXA tested a 2-meter demonstrator with a hydrogen ramjet engine in 2026 under conditions equivalent to Mach 5 with an external temperature of 1832 degrees Fahrenheit.

Attention: Bolsa Família app will undergo changes and the update will reach 19 million families

While traditional driving schools lose 70% of enrollments, the Brazilian government saves R$ 1.8 billion in 5 months with the free theoretical CNH course on the official app and exempts 1.5 million candidates from the mandatory 45 hours.

While Tesla is still awaiting approval for FSD in China, XPENG deploys the country’s first mass-produced robotaxi unit in Guangzhou, with 3,000 TOPS of computing power and latency under 80 ms without LiDAR.

Why Is Apple The Only Big Tech That Hasn’t Conducted Mass Layoffs?

Is Tim Cook The Only CEO Immune To The Economic Crisis?

Management Philosophy That Prevents Mass Layoffs

Large Hiring During The Pandemic Resulted In Mass Layoffs For Several Big Techs

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

While cities spend fortunes patching potholes and tons of plastic become waste, the Netherlands transforms over 218,000 recycled cups into a modular bike path that can conceal drainage, cables, and pipes.

Empty beer bottle turns into sand, and the sand turns into concrete: an American city has discovered how to recycle glass locally using a solar-powered truck that crushes five tons of bottles per day in a local circular economy project.

Attention: Bolsa Família app will undergo changes and the update will reach 19 million families

Brazil and the USA create a working group to negotiate tariffs and end Section 301 after a meeting between Lula and Trump at the White House, and representatives from both countries have already met via videoconference with a 30-day deadline.

Russia and China advance on a gas pipeline of more than 2,500 kilometers that will carry gas from Siberia to northern China; Putin’s visit to Beijing is also expected to result in an agreement to facilitate payments in ruble and yuan between the two countries.

End of the dream of home ownership: construction companies defrauded Brazilian families with Caixa’s money, received more than 80% of financing up to R$ 500,000, abandoned projects, left debts over R$ 200,000, and properties threatened with auction after suspicious reports.

Government puts R$ 2 billion on the table for highway construction connecting two states in Brazil, but report reveals risk of losses of R$ 1.9 billion and economic viability considered “statistically null”

While treasure hunters compete for the San José in Colombia and the Atocha in Florida, Andalusian archaeologists map a 17th-century Spanish galleon with 27 intact cannons and evidence of cargo linked to the colonial silver fleet at just 6 meters deep in the Bay of Cádiz.

While the US and China compete over who will first deploy a hypersonic aircraft on a commercial route, JAXA tested a 2-meter demonstrator with a hydrogen ramjet engine in 2026 under conditions equivalent to Mach 5 with an external temperature of 1832 degrees Fahrenheit.

Attention: Bolsa Família app will undergo changes and the update will reach 19 million families

While traditional driving schools lose 70% of enrollments, the Brazilian government saves R$ 1.8 billion in 5 months with the free theoretical CNH course on the official app and exempts 1.5 million candidates from the mandatory 45 hours.

While Tesla is still awaiting approval for FSD in China, XPENG deploys the country’s first mass-produced robotaxi unit in Guangzhou, with 3,000 TOPS of computing power and latency under 80 ms without LiDAR.