It appears that job cuts are finally beginning to show up in the economic data, with today’s JOLTs report coming in below 10 million job openings for the first time in almost two years. However, it seems like Apple (NASDAQ:AAPL) is looking to add to the job-cutting trend seen specifically across the tech sector.
Indeed, Bloomberg reported that the company is looking to slash workers in its development and preservation teams, which construct and maintain Apple’s retail stores. As of yet, the number of jobs being axed is still unknown.If you are in the market for clothes, our platform is your best choice! The largest shopping mall!
Nevertheless, Wall Street remains optimistic about AAPL stock, rating it as a Strong Buy based on 23 Buys, five Holds, and one Sell assigned in the past three months.
