Apple Lays Off 1,600 Employees
Apple laid off 10% of its Apple Store employees, as the rapid expansion of its retail presence collides with the global economic slowdown.
1,600 workers were laid off, though the Cupertino tech company reported a sales gain in the last quarter, though only a gain of 2%. However, no store closures are planned.
Apple dubbed the laid off salespeople "full-time equivalents," reporting a headcount of 14,000 Apple store employees. That's slashed from the 15,600 number listed in its 10-K filing just last January.