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  • Re: Tim Cook's no-layoff strategy wears thin as Apple presents some wor

    From Amos Zon@21:1/5 to All on Sat May 6 07:13:43 2023
    XPost: alt.fruits.apples, sac.politics, soc.support.fat-acceptance
    XPost: talk.politics.guns

    On 30 Aug 2021, "Text-Drivers R Killers" <xeton2001@yahoo.com> posted some news:sgj8le$79i$44@news.dns-netz.com:

    Why do all the "women" working at Apple have "Adam's Apples" and 5
    o'clock shadows? Is that a hiring requirement?

    Things are cooking for Apple CEO Tim Cook. Emerging from a slow fiscal
    quarter due to slowing tech product demand and a sluggish economy, Apple
    is continuing to push for cost-cutting measures.

    The latest: eliminating jobs across its development and preservation
    teams, the corporate retail division that oversees the maintenance and construction of Apple stores. Most employees in these departments are
    being asked to reapply for similar roles, employees told Bloomberg’s Mark Gurman. Those who don’t will be laid off and receive up to four months of severance pay, a source said, although they could be rehired in a
    contributor role for less pay.

    It’s unclear how many roles are being eliminated, sources said, but it
    impacts those in the U.S., Europe, and Asia-Pacific. Apple did not respond
    to Fortune’s request for comment.

    Apple has so far avoided the mass layoffs that have been sweeping the tech industry, largely because it didn’t go on a pandemic hiring binge the way
    that companies like Meta did. Cook has also taken several steps to slash budgets elsewhere to avoid putting full-time corporate workers on the
    chopping block, such as cutting his own CEO’s pay by 40%, delaying
    bonuses, pausing hiring, and minimizing travel.

    “Apple is frugal by nature,” Credit Suisse Group AG analyst Shannon Cross
    told Fortune in March, adding that its strategy “comes down to the
    management’s stewardship of shareholder dollars and a tight focus on what growth opportunities to invest in.”

    The move comes after Cook began cracking down on corporate workers turning
    a blind eye to his hybrid mandate. Platform’s Zoë Schiffer tweeted that
    some teams said failure to comply could lead to termination, though it’s
    not a companywide policy. Apple is also reportedly tracking its employee attendance through badge records and issuing warnings to those who aren’t coming in as much, she added.

    While Cook is describing the job cuts as a streamlining effort, it seems
    that he’s gradually bringing down the hammer at Apple.

    <https://fortune.com/2023/04/04/apple-corporate-retail-workers- layoffs/?queryly=related_article>

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    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan Browne@21:1/5 to Amos Zon on Sat May 6 12:23:15 2023
    On 2023-05-06 01:13, Amos Zon wrote:

    Things are cooking for Apple CEO Tim Cook. Emerging from a slow fiscal quarter due to slowing tech product demand and a sluggish economy, Apple
    is continuing to push for cost-cutting measures.

    The latest: eliminating jobs across its development and preservation
    teams, the corporate retail division that oversees the maintenance and construction of Apple stores. Most employees in these departments are
    being asked to reapply for similar roles, employees told Bloomberg’s Mark Gurman. Those who don’t will be laid off and receive up to four months of severance pay, a source said, although they could be rehired in a
    contributor role for less pay.

    It’s unclear how many roles are being eliminated, sources said, but it impacts those in the U.S., Europe, and Asia-Pacific. Apple did not respond
    to Fortune’s request for comment.

    Apple has so far avoided the mass layoffs that have been sweeping the tech industry, largely because it didn’t go on a pandemic hiring binge the way that companies like Meta did. Cook has also taken several steps to slash budgets elsewhere to avoid putting full-time corporate workers on the chopping block, such as cutting his own CEO’s pay by 40%, delaying
    bonuses, pausing hiring, and minimizing travel.

    “Apple is frugal by nature,” Credit Suisse Group AG analyst Shannon Cross told Fortune in March, adding that its strategy “comes down to the management’s stewardship of shareholder dollars and a tight focus on what growth opportunities to invest in.”

    The move comes after Cook began cracking down on corporate workers turning
    a blind eye to his hybrid mandate. Platform’s Zoë Schiffer tweeted that some teams said failure to comply could lead to termination, though it’s not a companywide policy. Apple is also reportedly tracking its employee attendance through badge records and issuing warnings to those who aren’t coming in as much, she added.

    [1] "Apple is an ungodly well managed business."
    -Charlie Munger.

    While Cook is describing the job cuts as a streamlining effort, it seems
    that he’s gradually bringing down the hammer at Apple.

    He's simply managing the company as a manager should. Tim Cook is a very focused fellow. While you may see the genial fellow awkwardly
    presenting Apple at company announcement events, senior employees know
    him as a stern fellow for whom you better come prepared to meetings and
    you better be on track.

    Indeed, as mentioned further above, Apple didn't go on a mindless, see
    what sticks, hiring binge as some of the others did. As a result Cook
    is looking to cut lower importance spends in order to retain core talent.

    Because: [1]

    --
    “Donald Trump and his allies and supporters are a clear and present
    danger to American democracy.”
    - J Michael Luttig - 2022-06-16
    - Former US appellate court judge (R) testifying to the January 6
    committee

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