The move includes mid-level executives as well as engineers and other “non-management” workers. Interestingly, senior staff at executive level and above will continue to receive bonuses in the same format.

Bloomberg sources said the company will also restrict hiring for more jobs and leave some positions vacant after employees leave.

Yes, the iPhone maker has now avoided the mass layoffs at most tech companies, but has had to pay a different “price”.

A spokesperson for the company declined to comment for Bloomberg.

Source: Ferra

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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