Following Google’s “blood in the streets” warning to its staff, Apple Inc. now many of its employees have been laid off in an effort to curtail hiring and spending, a report said.
According to Bloomberg, Apple fired about 100 contract-based recruiters responsible for hiring new employees for the world’s most valuable company.
The employees whose contracts were terminated were told they would receive compensation and medical benefits for two weeks. Recruiters who are full-time employees were retained, the report said.
Apple told the laid-off workers that the cuts were being made because of the company’s current financial needs. Chief Executive Officer Tim Cook had said last month that Apple would be “deliberate” in its spending.
“We believe in investing during the recession,” Tim Cook had said, as quoted by Bloomberg. “And so we will continue to hire people and invest in areas, but we are doing this more consciously to take into account the realities of the environment.”
Previously, tech giant Google has warned its employees about layoffs if results don’t rise.
Google will conduct a “general survey of sales productivity and productivity in general” and that if next quarter’s results aren’t looked up, there will be blood on the streets, Google Cloud sales representatives said.
Google CEO Sundar Pichai said earlier this month that he was not satisfied with the work output of many employees. According to Mr. Pichai, productivity at Google is below where it should be.