Apple said to start laying off contractors in recent days

  • Apple (NASDAQ:AAPL) has reportedly started to let go some of its contractors in recent days.
  • Citing people with direct knowledge, the New York Post reported that the firings have come in the past few days and have impacted “hundreds” of contractors, some of whom work with Apple (AAPL) employees on projects.
  • The news outlet added that Apple (AAPL) has started to fire the contracts outright instead of waiting for the contracts, which are renewed on a 12 or 15-month basis, to expire.
  • Cupertino, California-based Apple (AAPL) has avoided the mass layoffs that some of its competitors in the tech industry has resorted to as the economic uncertainty continues.
  • Apple (AAPL) shares closed down 1% to $153.71 on Thursday.
  • Earlier this week, it was reported that Apple’s (AAPL) widely anticipated mixed-reality headset will be announced in June, two months later than previously anticipated.