A conservative hiring strategy emerges for tech giant
New research from data and analytics company, GlobalData, has revealed that Apple is adopting a conservative hiring strategy. According to the research, the tech giant cut down job postings by 11% last year.
While so many tech companies have announced layoffs, Apple Inc (Apple) is proving to be the exception, with its conservative hiring strategy.
Looking at global figures, Apple’s job postings in China declined by 30% in 2022. The US registered an 8% decline. On the other hand, markets in Taiwan, Mexico, Switzerland, Turkey, and Sweden witnessed growth in job postings.
GlobalData’s Job Analytics Database showed that Apple’s focus areas include artificial intelligence, machine learning, automation, sales, wireless systems, 4G/5G/6G, and iOS/android. In addition, several job postings also revealed that Apple is focusing on improving its supply chain.
Sherla Sriprada, Business Fundamentals Analyst at GlobalData, comments: “Apple has not announced any layoffs recently but is being selective in its hiring process with focus on key areas and geographies, which can be attributed to various factors such as its financial performance and strategic priorities. In contrast, Alphabet Inc (Google), which announced layoffs in January 2023, had its job postings increase by 13% in 2022 over 2021.”
“Apple has a reputation for prioritizing its employees. As a result, layoffs may not be seen as the preferred solution for the company, even in times of economic uncertainty. The company may have decided to prioritize investment in research and development, or to focus on expanding its product offerings, rather than cutting costs through layoffs.”
