[antoniuschan99]

Yes true but they overhired and most growth has stalled. The idea I'm getting are the layoffs are happening in the less profitable parts of the business.

Also, I was told because of the severance packages, these companies aren't going to be saving any money until a few months down.

That said I read a few days ago Apple may start doing cuts in the future. iPhone sales are down 8% and smartphone sales in general are down 18%!