📺 Stream EntrepreneurTV for Free 📺

These Are the 2 Key Reasons Apple Has Avoided Mass Layoffs — So Far There's really no such thing as a free lunch.

By Amanda Breen Edited by Jessica Thomas

entrepreneur daily
SOPA Images | Getty Images

From Meta to Microsoft, tech giants have conducted massive layoffs this year — with no clear end in sight.

But Apple, the world's largest technology company, has managed to stave off a brutal round of cuts by playing the game a little differently, The Wall Street Journal reported.

Related: Layoffs Affecting 1,600 Tech Workers a Day on Average in 2023

Unlike some competitors, including Google and Meta, Apple limits employee perks like free lunches and has adhered to a lean hiring approach, even amid rapid growth during the pandemic.

Take Google, for example. Known for above-and-beyond perks like free food, game rooms and innovative workspaces, the company maintained its status quo even after the transition to remote work: Those offerings became a $1,000 home-office stipend, virtual cooking classes and more, per CNN.

What's more, the hiring rates among tech's heaviest hitters speak for themselves.

Apple's workforce increased by about 20% to approximately 164,000 full-time employees from its fiscal year-end in September 2019 to September 2022. Over roughly the same period, the employee figure at Amazon doubled, Microsoft's rose 53%, Google parent Alphabet Inc.'s increased 57% and Facebook owner Meta's ballooned 94%, per WSJ.

Related: The Simple 4-Step Process That Will Help You Avoid Layoffs

Apple Inc is down more than 13% year over year.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.


Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Business News

How Much Do Engineers, Software Developers, and Analysts Make at Apple? See Salary List

Using application data from highly-skilled foreign workers, Insider revealed a range of salaries at the tech giant.