Apple Inc. reportedly laid off around 100 contract workers who were assigned to the job recruitment unit. The move was said to have been carried out as the company halted or cut its hiring events.
The information was said to have been shared by a source who is familiar with the matter. The situation is still private thus, his or her identity has been concealed.
The recruiters who lost their jobs were contract workers who were responsible for the hiring of the company’s new employees. Due to this incident, it was predicted that a slowdown is underway at the company, which is apparently not good news.
According to Bloomberg, the workers affected by the job termination were told the move was because of the major changes in Apple’s business requirements at this time. The publication was also the first to report last month that the iPhone maker was reducing its hiring after years of continuous recruitment.
With the sudden brake in adding new employees, Apple just joined many other tech firms that have done the same due to various issues, but mainly because of the dropping sales and effects of the pandemic.
In any case, Apple told the terminated recruitment contractors that they would be paid and given medical benefits for two weeks. Once they are officially removed from the company, their employee badges would be deactivated, so they will have to email the list of their belongings if they want to get them back. These recruiters were appointed in various regions, even overseas, such as Singapore and other Apple offices.
“We believe in investing through the downturn,” Tim Cook, Apple’s chief executive officer, told analysts during the company’s earnings conference call. “And so we will continue to hire people and invest in areas, but we are being more deliberate in doing so in recognition of the realities of the environment.”
Meanwhile, it was revealed that despite the job termination, Apple is still retaining some of the recruiters who are employed in the company for a full-time job. It was added that although 100 people were let go, there were still contractors who were retained.


Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing
Shell M&A Chief Exits After BP Takeover Proposal Rejected
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy
Robinhood Expands Sports Event Contracts With Player Performance Wagers
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 



