Apple avoids job cuts because it didn’t overhire like Google and Amazon

Many tech companies admit that they hired too much during the pandemic, betting that lifestyle changes – including remote work, e-commerce spending and video-game habits – would bring a bigger windfall. — Photo by Laurenz Heymann on Unsplash

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. On top of that, the company generated far more revenue per new hire than its peers, according to data compiled by Bloomberg.