2y ago

Apple reduces raises given to retail employees after weak iPhone quarter

appleinsider.com /articles/23/09/21/apple-reduces-raises-given-to-retail-employees-after-weak-iphone-quarter

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.

26 comments

- They added a new button. Who are you calling visionless?
  /s
  
  Don't forget the new™ never before seen port!
  
  Josh (from Drake and Josh): "I ain't calling you visionfull!"
- Yeah, they're punishing the people that have the least influence on this outcome. And as you said, the people that are responsible for only doing incremental improvements on the product are already paid more as a baseline and probably got a bigger raise too.
- Two years ago, they were "essential", and the idea of them getting any kind of benefit to prevent harm was unthinkable. Shafted at both ends of the spectrum.
- I think Apple gave extra high raises last year due to elevated inflation. It’s lower this year because they’ve reverted to “normal” sized percentage increases.
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.
- 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.
  
  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.
Executives will get higher than inflation bonuses year on year and employees suffer because of the executives raises and lack of innovation.
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.
- The joke is that inflation raised way more than 10%
  
  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.
- 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.
The richest company on the Earth everyone.
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.

26 comments