Apple Removes Baby Shaking App 1600 Employees From App Store Actual Stores [Apple]
Gizmodo —
... , via an SEC filing, that Apple has cut back their full-time retail workforce by a full 1600 employees—from 15600 to 14000—in the last quarter alone, during which they only opened one new retail outlet. ...
Apple lays off 1,600 'geniuses'
Techradar - All the latest technology news —
... However, CNet has trawled through the financial reports filed with the SEC and discovered that "Apple's retail group shed about 1,600 full-time equivalent workers during its second fiscal quarter." ...
Apple Stores: The big chill
Brainstorm Tech: Technology blogs, news and analysis from Fortune Magazine » Apple 2.0 —
... So Apple has been cutting back. According to its latest SEC 10-Q filing, the company has slashed the ranks of its retail employees — from the equivalent of 15,600 full-time workers at the end of its December quarter to 14,000 in March, a net loss of 1,600 jobs. ...
Apple cuts 1600 maddays from Apple Stores
9 to 5 Mac - Apple Intelligence —
... , it has been reducing employee hours at the Apple Store to the tune of 1600 equivalent jobs. We say 'equivalent' because not all workers were full time. Currently Apple Retail employs 14,000 full-time equivalent workers, down from 15,600 at the end of Apple's first fiscal quarter, according to a filing with the SEC. The reduction of numbers wasn't a result of any particular directive or massive layoff, Apple just slowed hiring as the normal high turnover of retail lowered job numbers. ...
Apple Retail Slows Growth, Cuts Employees
The Mac Observer —
... on April 24th, 2009 at 10:12 AM Apple noted during Wednesday's earnings call that it opened just one new retail store last quarter and saw average revenue per store drop from US$7.1 million last year to $5.9 million this year. In addition, its latest SEC 10-Q filing shows that it dropped 1,600 full-time retail jobs from its fiscal first quarter, ending Dec. 31, 2008, to the quarter that concluded at the end of March. While there are no signs that the company plans to close any stores -- it has yet to do so in eight years of retail operations -- Fortune's Apple 2.0 blog ...
Apple cuts 1,600 retail jobs
The Apple Core —
... Apple recently shed 1,600 jobs in order to adjust to changing consumer shopping behavior in the U.S. Apple cut its retail staff from 15,600 to 14,000 full-time employees at the end of Apple’s first fiscal quarter, according to a filing with the SEC . CNet’s Tom Kraznit ...
Apple Cutting 1,600 Retail Jobs
TechWeb —
... ever earlier this week, but those earnings included the loss of 1,600 full-time Apple Store employees. According to an SEC filing , the company's retail locations had 14,000 full-time employees at the end of the second quarter, a 1,600 drop from the previous quarter. While the company's revenues grew more than 8% year over year, the average revenue per store decline 17%, falling to $5.9 million from $7.1 million in 2008. The move could signal a slowdown in retail expansion for Apple, as the company adjusts for what COO Tim Cook called is a "horrendous economy." The ...
Apple Cutting 1,600 Retail Jobs
InformationWeek - All Stories And Blogs —
... ever earlier this week, but those earnings included the loss of 1,600 full-time Apple Store employees. According to an SEC filing , the company's retail locations had 14,000 full-time employees at the end of the second quarter, a 1,600 drop from the previous quarter. While the company's revenues grew more than 8% year over year, the average revenue per store decline 17%, falling to $5.9 million from $7.1 million in 2008. The move could signal a slowdown in retail expansion for Apple, as the company adjusts for what COO Tim Cook called is a "horrendous economy." The ...
Apple Cuts 1,600 Retail Jobs As Sales Slow
Silicon Alley Insider —
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.
Makes sense: Apple's retail stores are growing much slower than its overalll business. While overall sales increased 9% year-over-year to $8.16 billion in the March quarter, retail sales grew just 1% year-over-year to $1.47 billion, according to stats the company provided on its earnings ...
Apple Store gets a little less shiny with loss of 1,600 jobs
VentureBeat —
... , but that doesn’t mean everything is going gangbusters. Revenue growth has slowed at Apple’s retail stores, and the Cupertino, Calif. company just revealed via a filing with the Securities and Exchange Commission ( ...
Apple May Be Immune to Economy, But Stores Aren’t
Technologizer —
... a single store — eek.)
Thus, the company’s gotta do what its gotta do. That means layoffs — 1,600 full time employees will be cut across its 250+ stores. That would amount to about 10% off its current total workforce of around 15,600.
One thing is for sure however: the frantic pace at which Apple had been opening new retail locations appears to be a thing of the past. Sign of the times, ain’t?
More about Apple’s plans can be found in this SEC filing.
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Did Apple Just Fire 1,600 Retail Workers? Nope.
MacBytes.com —
... about Apple’s disclosure, via its most recent quarterly filing with the SEC , that its retail group had “approximately 14,000 full-time equivalent employees” at the end of March. Three months earlier, that number had been 15,600. But let’s be clear: Those aren’t 14,000, or 15,600, employees . Those are 14,000, or 15,600 full-time equivalents–basically, an accounting term that measures the number of man-hours Apple (AAPL) is paying for, not the number of men (or women) it employs. So the very strong likelihood here is that Apple cut a lot of workers’ hours, but not ...
Apple paring workforce at its own stores
Docu-Drama —
apple-logo Apple, which impressed Wall Street Wednesday by turning in its best non-holiday quarter results ever, revealed Friday in a regulatory filing that it cut the equivalent of 1,600 employees from its retail operations during the quarter. The maker of iPods, iPhones and Mac computers reported having the equivalent of 14,000 full-time employees as of March 31, down from the 15,600 it reported at the end of the holiday season on Dec. 31. During the comparable quarter the year before, Apple’s stores boosted employment by 600. Apple, which added one new store during the most recent quarter, had 252 locations as of March 31. The average number of ...
Apple finds new way to deny investors ’say on pay’
Docu-Drama —
... vote every year on its executive compensation practices. The result was something of a surprise, given that a similar say-on-pay proposal had passed the previous year and the say-on-pay movement has been gaining strength ever since. Because Apple doesn’t immediately report voting tallies, it wasn’t immediately clear how much the vote had shifted year over year to turn a victory into a defeat for shareholder activists. Apple finally cleared up the matter on Thursday when, inside its latest quarterly financial report , it released the voting results from its meeting. And, ...
Apple: Our bad; Investors passed, will get ’say on pay’
Docu-Drama —
... Apple said last year that the matter had passed, while saying this year that it failed. The company initially reported that the “say on pay” proposal failed in February at its annual meeting. Unlike other public companies, Apple does not release the preliminary vote totals on which it makes a call about the outcome of shareholder votes. So investors had to wait until last week — two months after the vote — to find out the real totals when the company reported them inside its latest quarterly financial report . That’s when the discrepancy finally came to light. In fact, ...


