Apple Chooses To Delay Bonuses And Limit Hiring Instead Of Layoffs

Apple is reportedly freezing recruitment and delaying bonuses for its employees. (photo: doc. Apple)

JAKARTA - Apple is reported to be freezing recruitment and delaying bonuses for its employees, which it claims is better than doing Termination of Employment (PHK) like other companies.

Indeed, Apple is one of the few major tech companies that have yet to announce layoffs amid the ongoing global economic downturn.

The company took several steps to streamline costs internally, such as making changes to the way promotions were distributed and delaying bonuses for its employees.

For example, reducing the number of times a year you make bonus payments from twice a year to only once. This will affect the various divisions.

Usually, Apple would give bonuses in April, but with this new report, he will only issue payments in October.

The bonus amount is not reduced, it will only be combined as one bonus rather than split into two. The move will affect the company's retail employees, engineers, and mid-level managers.

Senior employees who are directors or in higher positions are reported to be unaffected, with their bonuses still distributed quarterly.

Along with bonus changes, Apple will also improve existing policies during hiring restrictions, according to a Bloomberg report quoted from Apple Insider, Thursday, March 16.

The Cupertino, US-based tech giant has been slowing down its hiring practices since 2022, deciding to leave positions vacant when employees leave, the aim being to reduce headcount.

Under this new report, it appears that the policy will now apply to more areas of the company.

Although Apple has laid off several contractors, reduced its travel budget, and cut the salary of its CEO Tim Cook, it remains to be seen how effective the latest measures will be in reducing overall costs.

It is known, in recent months, massive layoffs have been seen from Google, Microsoft, Amazon, Meta, Twitter, and many other technology companies.