Apple CEO Tim Cook Says Layoffs Are Last Resort, But 'You Can Never Say Never'

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Apple CEO Tim Cook Says Layoffs Are Last Resort, But 'You Can Never Say Never' - Benzinga

Quick Summary:

As many tech giants have been executing an unprecedented level of layoffs, Apple Inc (NASDAQ: AAPL) has managed to avoid major job cuts even though it missed expectations for several of its lines of business announced during its first-quarter earnings.

The iPhone maker announced its first quarterly revenue, which declined for the first time in nearly four years, with revenue of $117.2 billion that missed analyst expectations of $121.1 billion.

Full story available on Benzinga.