Apple lays off 100 jobs, tech sector stagnates, experts say
Tech giant Apple has recently laid off 100 non-permanent employees.
Bloomberg News says this is a sign that the technology sector is about to hold back on new hires.
This year, many companies including Meta, Amazon, Alphabet and Microsoft have made similar announcements.
Technology companies were hiring a lot before 2022, possibly because the demand for the companies’ products and services has increased due to the coronavirus.
Netflix has laid off 450 employees this year, experts say, and other companies are also slowing hiring and laying off employees.