Apple Cuts 1,600 Retail Jobs As Sales Slow
Apple (AAPL) is cutting costs as its retail division underperforms the rest of its business: In a SEC filing (via CNET), the company reported that it now employs 14,000 full-time-equivalent retail workers, down 1,600 from the end of 2008. That’s a roughly 10% cut.
Apple’s overall sales increased 9% year-over-year to $8.16 billion in the March quarter.
Source: Silicon Alley Insider
