As several indicators show, the current economic situation in the world inspires a lot of caution. This atmosphere has also been impacting the Apple: The company’s quarterly revenue fell in the first fiscal quarter of 2023 and a reduction in the company’s hiring has been prolonged.
The situation, as Bloomberg reported, it keeps getting worse. According to the vehicle, Apple will no longer pay an annual bonus twice (in April and October) to some teams, as was done before. The payment, therefore, will be postponed until the end of the year, which will certainly surprise several employees, especially due to the fact that it was not notified in advance.
It is worth remembering that the amount should not be reduced, but only paid later than usual. Many teams had already gone through this change, according to Bloombergso only a few more will now.
The change will apply to employees who are not in management positions, and will not apply to those who occupy senior management positions or above. These, in general, receive their bonuses quarterly.
Along with this, there are limitations on new hires at the company, as well as increased scrutiny of the company’s expenses. Spending on travel and other items required the approval of the area’s senior vice president, and some contractors were laid off.
Although the situation in the Cupertino giant is still not as critical as in other companies in the technology area, the human resources sector is also more attentive to the physical presence of employees in the company. This is to assess whether they are fulfilling the need to go at least three times a week. Retail employees are also being urged to work more than agreed, which might be seen as an incentive to quit.
It is also important to remember that the CEO himselfChief executive officeror executive director.”>1 da Apple, Tim Cookwill earn significantly less in 2023 than in 2022, which is also a consequence of the more complicated financial situation the world has been facing lately.
Bonuses paid later, greater scrutiny of budgets, greater vigilance over employee work schedules: when we see “economic crisis” headlines, it can form a somewhat abstract picture of what it is all regarding, but it is in these small actions that we see the phenomenon materializes. One situation interacts with the other and creates different situations in general.
Let’s keep following Apple’s economic developments!
