Apple has now laid off many of its employees in an attempt to restrict its hiring and spending, a report said.
According to Bloomberg, Apple sacked about 100 contract-based recruiters who were responsible for hiring new employees for the world’s most valuable company.
The workers whose contracts were terminated were informed they would receive payment and medical benefits for two weeks. Recruiters who are full-time employees were retained, the report said.
Apple told the reason for the hat the cuts were made due to the company’s current financial needs. CEO Tim Cook had said last month that Apple would be “deliberate” in its spending.
“We believe in investing through the downturn,”
Tim Cook had said, as quoted by Bloomberg.
“And so we’ll continue to hire people and invest in areas, but we are being more deliberate in doing so in recognition of the realities of the environment.”
The average salary for a Recruiter at Apple is $133,424 per year, according to Glassdoor, between $81K and $273K.The estimated additional pay is $50,806 per year.