this post was submitted on 22 Sep 2023
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294
Apple reduces raises given to retail employees after weak iPhone quarter (appleinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
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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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[–] [email protected] 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.