Apple Slashing Spending, Perks to Avoid Layoffs

The video discusses how Apple stands out among major tech companies by avoiding layoffs, unlike Amazon, Meta, Microsoft, and Google. Apple's strong cash reserves and strategic financial management, including cost-cutting measures like reducing travel and not backfilling positions, help maintain stability. During the pandemic, Apple hired judiciously, unlike its peers who increased hiring and spending. This conservative approach allows Apple to maintain its course without drastic changes as the market normalizes.

Which tech company is noted for avoiding layoffs despite industry trends?

• Apple

• Google

• Meta

• Amazon

What is one of the cost-saving strategies Apple is using?

• Increasing travel budgets

• Backfilling all positions

• Cutting back on travel

• Allowing cross-department transfers

What is a reason for increased firings on Apple's retail side?

• Layoff purposes

• Store closures

• Standard reasons like attendance issues

• Budget cuts

How did Apple's hiring strategy during the pandemic differ from its peers?

• Apple stopped hiring completely

• Apple increased R&D spending

• Apple hired judiciously

• Apple doubled its hiring

What did other tech companies do during the pandemic that Apple did not?

• Decreased R&D spending

• Increased hiring and R&D spending

• Maintained the same hiring levels

• Reduced hiring