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" worth of retail workers, down 1,600 from the end of 2008.
That's a roughly 10% staffing cut, but as Peter Kafka notes at MediaMemo, it's not necessarily a staff reduction. "Full-time equivalent" means just that -- the equivalent of one person working a full-time job. It could also be two people working half-time jobs; which means that Apple could have just cut back on workers' hours without cutting back on personnel. Apple wouldn't comment to MediaMemo, referring Kafka to its SEC filing.
Saturday, April 25, 2009
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