Apple isn’t doing layoffs by opting to cut its CEO’s pay instead. Tim Cook agreed to a 40% pay cut this year. Unheard of, but what if this was an option for everyday people, a pay cut instead of being laid off. Reorgs can have unforeseen adverse effects years later.

A 50M paycut will barely cover a 50 person team, no? 

I don’t think Tim’s salary is the reason they’re not doing layoffs

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

For clarity, they didn’t say they for sure will not do it. But so far, they’re the only faang that hasn’t done it. Apple hasn’t done layoffs since 1997.