Apple cuts staff

These are the first layoffs in 2023

Apple is laying off a small number of employees across its corporate retail teams, according to people with knowledge of the matter. This is the first reduction in internal positions since last year.

The layoffs concern the so-called development and preservation teams, which are responsible for the construction and maintenance of Apple retail stores and other facilities around the world. At the same time, the exact number of liquidated positions is not reported. The iPhone maker did not respond to a request for comment.

Apple cuts staff

In February, it became known that the revenues of US technology companies in 2022 were significantly reduced due to falling sales as a result of the economic crisis. Due to reduced demand, Apple shares fell 5.6%.

Fears of an economic slowdown due to rising interest rates have fueled a series of massive job cuts in the US in recent months.

Meta*, the parent company of Facebook**, said last month that it would cut 10,000 jobs this year, making it the first major tech company to announce a second round of massive layoffs.

* Meta is recognized as extremist in Russia and banned

** Facebook is owned by Meta