What happened: At the end of its 2022 fiscal year, Apple employed 164,000 people. The headcount rose steadily over the past two decades, with every new Apple iPhone release.
Why it matters: Apple is expected to begin layoffs soon, starting with some corporate retail positions. Though the total scope of the job cuts has not been disclosed, the news means that the company is joining Alphabet, Amazon, Meta, and Microsoft as tech's latest big name to eliminate positions.
Where to see the impact: As reported, Apple's known cuts won't compare to the scale at Amazon (27,000), Meta (21,000), Microsoft (10,000), or Google (10,000). It is also unclear if these cuts will result in a net reduction in Apple's workforce by the end of 2023. Either scenario could prove to be a sign of more significant shifts in Cupertino.
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