Is Apple Following Suit? Layoffs Looming for iPhone Maker After Google, Amazon, and Meta

By: Aman Singh

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Updated on: 04-Apr-2023

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The groups that will feel the brunt of these cuts are those responsible for the construction and upkeep of Apple's retail stores and other facilities worldwide. This move by Apple comes at a time when the economy is experiencing concerns about a potential downturn due to rising interest rates, leading to mass job cuts across various industries.

The trend of job cuts among Big Tech firms began with Facebook-parent Meta Platforms announcing plans to cut 10,000 jobs in 2022. This comes after the company laid off 11,000 employees in the first round of job cuts, all as part of its "year of efficiency" initiative. Similarly, Google also laid off 12,000 employees earlier this year, affecting several regions worldwide. The company's CEO, Sundar Pichai, explained that this move was necessary to prevent the situation from getting worse.

Amazon, on the other hand, has gone through two rounds of job cuts, affecting a whopping 27,000 employees. In the first round, the e-commerce giant laid off 18,000 workers, followed by an additional 9,000 employees in the second round. These job cuts are a clear indication that even Big Tech firms are not immune to the challenges of the current economic climate.

The tech industry's ongoing job cuts have far-reaching consequences, and only time will tell how they will impact the sector as a whole