There’s a reason why Apple Inc. is under less pressure than tech peers to slash jobs during the current slowdown: It hired more efficiently in the first place. During the industry’s pandemic-fueled hiring binge, Apple added fewer employees than other big tech firms.
Link: Apple (AAPL) Avoids Tech Layoffs Because It Didn’t Overhire Like Google, Amazon - Bloomberg
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I will always remember walking around Cupertino and seeing Apple team members walking around in small numbers vs Seattle which is a mini Amazon city.
The strength of Apple’s management team is really unbelievable.
Google is a close second, but they may be hit on the head with the Open AI hammer pretty soon.