Apple Cuts 100 Jobs in Digital Services Division Amidst Hiring Boom
Layoffs Follow Rapid Hiring Period
Apple has laid off 100 employees in its digital services division, marking the fourth round of layoffs in 2023. The move comes after a hiring boom that led to what CEO Tim Cook described as a "bozo explosion" at the company.
Service Division Impacted
The latest layoffs targeted the company's fast-moving services division, which includes products like Apple Music, Apple TV+, and iCloud.
Layoffs a Last Resort
Cook has previously stated that job cuts are a last resort for Apple and has generally avoided layoffs in the past.
Economic Slowdown Impact
Analysts believe the layoffs may also signal Apple's concerns about a potential economic slowdown.
Quick Facts:
- 100 jobs cut in digital services division.
- Fourth round of layoffs in 2023.
- CEO Tim Cook has called layoffs a "last resort."
- Move follows a period of rapid hiring.
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