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Apple has managed to obtain revenue of 117 thousand 154 million dollars during the last three months of the year.
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Executives have seen record revenues in different geographic areas, such as Spain and Mexico, during the quarter.
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Apple posts its first year-over-year drop in revenue since 2016.
Due to the pandemic massive layoffs that have occurred in large companies, the Apple CEO Tim Cook does not rule out that there may be staff cuts in the company, however this would be a decision that would be made as a last resort.
Mass layoffs
Today, a pandemic of layoffs never seen before is taking place, in terms of technology companies, since more and more are having to resort to this decision, mainly because they do not obtain the desired results, since the payment to workers requires a significant investment. The large personnel cuts began to emerge from last year and have continued through this 2023.
Recently, the Dutch company Phillips Y PayPal joined these massive layoffs, as the Dutch technology company announced that it plans to cut at least 6,000 employees. In addition, PayPal It has communicated its intention to reduce around 7 percent of its workforce, which will mean the departure of workers in the coming weeks of some 2,000 workers.
Phillips made this decision with the aim of reducing costs due to the economic losses of the companyWell, last year was not good for the company, since last October there was a cut of 4 thousand people, this was decided with the main objective of reducing expenses after registering losses of around 1,600 million euro. It should be noted that certain factors such as reduced sales in China or the Russian war in Ukraine are also added, for which the company needs a business reorganization, which includes a workforce cut of 6,000 employee positions that covers until 2025.
This wave of layoffs also includes other companies such as Google, Amazon, Tesla, Twitter, Goal, Salesforce, among others, so it is disturbing since this pandemic could continue to spread significantly.
Apple CEO does not rule out job cuts as a last resort
Apple CEO Tim Cook commented that he does not rule out having to resort to downsizing employees, if necessary, because the results for his first fiscal quarter of the year were released. Apple has managed to obtain income of 117 thousand 154 million dollars during the last three months of the year, which is 5 percent less compared to the same quarter of the year. above, so there is a significant drop.
Likewise, the company has been cautious in hiring new employees and that is the reason why the firm has not had to carry out massive layoffs, like many of its competitors. In addition, the employer stated that he sees the layoffs “as a last resort.” resource”
“We are hiring slowly and deliberately”, “You can never say never. We want to manage costs in other ways to the extent that we can,” Tim Cook said on a regular call with investors.
Obviously, the Apple company seeks to recover this year, since it has registered its first year-over-year drop in revenue since 2016, which is somewhat alarming since this should not happen, since the iPhone 14 Pro has received its biggest redesign in years and is practically the latest in technology, so Apple has mentioned improvements in production so that this achieves better results. It should be noted that the iPad has had an increase of 30 percent in revenue year-on-year, which makes clear the interest in this category.
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