Apple Lays Off 1,600 Employees

by Jordan Yerman | April 26, 2009 at 08:17 am
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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.
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