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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Apple reduces raises given to retail employees after weak iPhone quarter::The smartphone market and general economy have slowed down post-pandemic, and Apple is reacting with a lower raise for employees in 2023 versus 2022.

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[-] OldQWERTYbastard@lemmy.world 81 points 1 year ago

The most valuable company in history with a market cap of $2.96 TRILLION dollars is screwing their employees to save an otherwise negligible amount of cash? Steve Jobs would be proud.

[-] johnthedoe@lemmy.ml 14 points 1 year ago

At least when Jobs was being a tyrant there was proper innovation. Really try and remember the shit they put out at his prime. Shit was timeless. And all still had acceptable pricing relatively speaking.

[-] cricket97@lemmy.world 9 points 1 year ago

Yeah but the landscape for technological innovation is much shallower nowadays. Of course innovation was present in an age when home computers and mobile phones were on the rise. Although I do think their VR headset is relatively innovative.

[-] sheogorath@lemmy.world 0 points 1 year ago

I think Steve Jobs will definitely jump on the AI train and push to make AI as one of Apple's main focus. As we all know, he's the one who pushed for the acquisition of the company who made Siri.

[-] aleq@lemmy.world 4 points 1 year ago

I think we'd all be quite shocked if Steve Jobs did that. But Apple might.

[-] cooopsspace@infosec.pub 68 points 1 year ago

Executives will get higher than inflation bonuses year on year and employees suffer because of the executives raises and lack of innovation.

[-] Earthwormjim91@lemmy.world 48 points 1 year ago

I love how the title is that they’re lowering raises after a bad quarter, but then say that they’re going back to their normal raise structure they have always had and that 2022 was a higher than normal raise year because they raised the minimum wage by 10% on top of higher raises due to higher inflation.

They didn’t lower the minimum raise retail employees can get, they just lowered the maximum raise they could.

[-] Honytawk@lemmy.zip 10 points 1 year ago

The joke is that inflation raised way more than 10%

[-] scarabic@lemmy.world 1 points 1 year ago

My company laid people off, froze everyone’s pay, announced _no raises or promotions this year _, and ceased all hiring and business travel.

Fuck, I would have loved a 10% raise.

[-] sugartits@lemmy.world 1 points 1 year ago
[-] scarabic@lemmy.world 1 points 1 year ago

I’ve been trying for months. The hiring market is terrible right now. Very few jobs and many many laid off folks vying for them.

My only point: don’t shit on a 10% raise.

[-] Cordoro@lemmy.world 4 points 1 year ago

The other important part here is that inflation is lower this year than last. So the extra high raises last year may have helped keep up but aren’t needed as much.

As far as I can tell there’s no direct relationship between iPhone sales and the change in raises. If anything I’d expect low sales to lead to layoffs or closing stores.

[-] xkforce@lemmy.world 37 points 1 year ago

The richest company on the Earth everyone.

[-] Psiczar@aussie.zone 20 points 1 year ago

Of course the last quarter was weaker, a new iPhone is about to drop, people are waiting for that. Penalising retail employees is harsh given they can’t do much it.

this post was submitted on 22 Sep 2023
294 points (95.1% liked)

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