Why Avoiding Layoffs Does Not Make Apple The Best Big Tech Bet


  • Apple is the only big tech company to have avoided mass layoffs in this economic downturn so far.
  • The company, in fact, has avoided mass layoffs since 1997, which speaks volumes about its disciplined approach to expanding the business.
  • While I wholeheartedly appreciate the company for avoiding layoffs this time, I am not as excited as some investors because of the reasons discussed in this analysis.

Flat Lay of different apple products on a grey background.

Shahid Jamil

This article was originally published for members of Leads From Gurus on January 23.

Apple Inc. (NASDAQ:AAPL) has avoided layoffs amid the current economic downturn that has forced many of its rivals to slash their workforce big

Tech layoffs since 2022 January


Biggest tech layoffs since the beginning of the pandemic


Company Workforce Expansion
Apple 20%
Alphabet 57%
Meta Platforms 94%
Microsoft 53%

Revenue growth comparison between Apple and other big tech companies


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)


Disclosure: I/we have a beneficial long position in the shares of META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I am long MSFT.

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