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I've read somewhere else that Apple did not participate in wide lay-offs which means they play their own game and don't fire what they recently acquired. Hence
by myspy 4y ago
I've read somewhere else that Apple did not participate in wide lay-offs which means they play their own game and don't fire what they recently acquired. Hence it makes sense that other companies have worse big picture and outlook capabilities.
- nayroclade 4y agoApple didn’t overhire during the pandemic either, which means they avoided the mismatch between staffing and demand that other large tech firms have.
- ralfd 4y agoMaybe Apple simply has better management who see farther than only one quarter, but it is noteworthy that as a tech company they are also in a more physical business: making and selling boxes of hardware instead of lofty software. They were also supply-chain constraint by Asian manufacturing, which restrained them.
- matwood 4y agoApple has been conservative for a long time. Their near death is still ingrained in the company [1]. It also wasn't long ago that people were giving Apple hard time for not hiring more. [1] I was an partner in a company that nearly died, but was able to pull through and eventually do well/get acquired. Ultra conservative around hiring is a bias I know I still carry with me from the experience.
- renewiltord 4y agoJust like ChatGPT, people will explain anything you tell them is true. But Apple just chooses to drop large numbers of contractors instead. Old joke retold: Tim Cook is talking to his exec team about saving money. He turns to Deirdre O Brien who he has invited to the meeting to share her ideas. "We will fire 900 contractors and the one guy who works on Apple's graphical sudo product". Hands go up on all the Facetime screens, and it's clear everyone has the same question. "Why that guy?", Jeff Williams asks. Deirdre turns to Tim with a knowing look on her face. "See, I told you. No one gives a fuck about the contractors"
- ejb999 4y agogood point - I work at a fortune 50 company - over 100K employees, so far no layoffs - but contractors are being cut by the bucketload and so far, no headlines about it.
- mschuster91 4y ago> I've read somewhere else that Apple did not participate in wide lay-offs which means they play their own game and don't fire what they recently acquired. Apple has shit tons of cash lying around - 55 billion dollars at the end of Q4/22 [1] and likely three times more in investments/assets [2]. If anything, Apple can afford keeping their staff on payroll... additionally, it keeps their knowledge in-house which is valuable on its own - NDAs and non-competes (with questionable legal standing) aside, they likely don't want laid-off staff starting up companies with knowledge gained by working on now-shelved projects at Apple. [1] https://www.macrotrends.net/stocks/charts/AAPL/apple/cash-on-hand https://www.macrotrends.net/stocks/charts/AAPL/apple/cash-on... [2] https://www.investors.com/etfs-and-funds/sectors/sp500-companies-stockpile-1-trillion-cash-investors-want-it/ https://www.investors.com/etfs-and-funds/sectors/sp500-compa...
- diceduckmonk 4y agoUnlike these other pure software companies, it’s in Apple’s DNA to plan for the supply chain and associated risks years in advance.