According to informed sources,AppleWill defer some departmental bonuses and extend cost-cutting measures, joiningsilicon ValleyThe industry is among those struggling to optimize operations during uncertain times.
Citing people familiar with the matter who requested anonymity, Bloomberg News reported that Apple will reduce the frequency of bonuses offered to employees in certain departments. In addition, the company will limit the recruitment of more positions, and will not create people after employees leave.
The frequency with which Apple pays out bonuses and promotions depends on the department, usually once or twice a year. Twice a year, usually in April and October. But under the new plan, there will be no bonus or promotion for the next month, and all departments will move to the annual schedule, which will happen only in October. In other words, the employee will still receive the full bonus, only once, not twice.
Bonuses and promotions occur once a year in most of Apple’s departments, including software engineering and services, and employees in operations, corporate retail and other departments are being laid off twice a year.
Apple’s belt-tightening efforts began last July, when rising inflation and recession fears prompted the company to take a more cautious approach. The iPhone maker has so far avoided mass layoffs by most of its tech peers. but lackBudgetDownsizing staff and suspending recruitment in many departments.
finance (translate to tags) apple