Apple fires 1,600 from retail stores
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Apple fires 1,600 from retail stores

Monday, 27 April 2009, 03:12 Hrs   |    2 Comments
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San Francisco: Apple has fired some 1,600 employees from its chain of retail stores due to slackening consumer demand, the Wall Street Journal reported Friday.

The job cuts were referenced in a securities filing by Apple Thursday in which the company said it had 14,000 full-time equivalent employees in its retail division as of March 28, down from the 15,600 as of the end of December.

The move came as Apple's recent earnings report showed a drop in sales for its Mac computer line, which is the biggest earner at the stores.

According to the earnings statement, the average revenue per Apple store fell about 17 percent to $5.9 million in the quarter, while the retail division's operating income was also down due to the "challenging consumer-spending environment," Apple said.
Source: IANS
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Reader's comments(2)
1: Its really very sad about the employees ,if we see the clear picture about i phones the company had posted more than 30%of profit in the first quater .
Still then they made this job cutting,its true about the challenging consumer-spending environment but with every step we find competition .
Posted by:Anupam Rout - 27 Apr, 2009
2: sad for the workers.. the company face losses.. so who face the final result? the employees.. but in this case i dnt knw wat has hppnd.. Apple's results are great.. they also achieved 1 bn downloads from the Apple store.. n still they are cutting jobs? this is completely weird.. chk the iphone sales.. their quarterly results clearly mentions the iphone sales to be the reason behind their profits.. n stil they are sticking to 'slackening consumer demand' phrase?
Posted by:kimon - 26 Apr, 2009