Why Avoiding Layoffs Does Not Make Apple The Finest Huge Tech Wager

Flat Lay of different apple products on a grey background.

Shahid Jamil

This text was initially printed for members of Leads From Gurus on January 23.

Apple Inc. (NASDAQ:AAPL) has averted layoffs amid the present financial downturn that has compelled a lot of its rivals to slash their workforce large

Tech layoffs since 2022 January

Layoffs.fyi

Biggest tech layoffs since the beginning of the pandemic

Layoffs.fyi

Firm Workforce Enlargement
Apple 20%
Alphabet 57%
Meta Platforms 94%
Microsoft 53%

Revenue growth comparison between Apple and other big tech companies

YCharts

Mass layoffs by reason categories

U.S. Bureau of Labor Statistics

Performance comparison of Apple stock and other big tech stocks (as of Jan. 23)

YCharts