After Ending Work From Home Apple Takes Another BIG Decision For Employees To Cut Costs

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Apple limits hiring, delays bonuses (Representational Image)

New Delhi: As a part of the cost-cutting measure, tech giant Apple has decided to delay bonuses for a section of corporate employees due to uncertain macroeconomic conditions. Bloomberg reported that the frequency of bonuses for some corporate workers will also be reduced, though there appear to be no cuts. If the reports come true, a section of employees may not get promotions next month. On the basis of its performance, the tech firm disburses bonuses and gives promotions twice a year (April and October) to its employees.

APPLE FREEZES HIRING

Apart from delaying bonuses and promotions, Apple is also expected to freeze hiring. Earlier Google, Meta and several other tech companies had overhired employees since 2020 and now they are laying off thousands of employees.

Bloomberg claimed that HR team at Apple is keeping a close eye on employees’ attendance. Some workers are of the view that scrutiny of office attendance is a trailblazer to the company sacking workers. For the unversed, Apple has ended work from home earlier and asked employees to be in the office thrice a week.

HOW DID APPLE AVOID MASS LAYOFFS

Unlike other tech companies which overhired employees, Apple avoided mass layoffs by cautiously hiring in the last two years. The company recruited only 7,000 employees between 2020 and 2021. If reports are to be believed, Apple hired 164,000 employees as of September 2022— a 6.5% increase from the same period in 2021.

During Apple’s shareholder meeting last week, Chief Executive Officer Tim Cook said the company continues to be especially careful with money. “We’re being very prudent and thoughtful on spending and we continue to be very deliberate when it comes to hiring,” he told shareholders.

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