Apple, $AAPL, has begun to fire contractors
Apple, $AAPL, has begun to fire contractors, per the NYP.
The New York Post further reported that the firings have come in the past few days and have impacted "hundreds" of contractors, some of whom work with Apple (AAPL) employees on projects.
Apple reportedly fired the contracts outright instead of waiting for the contracts, which are renewed on a 12 or 15-month basis, to expire.
Notably these are all anonymous sources per NYP.
Recently, Goldman Sachs economist Jan Hatzius said, "tech layoffs are not a sign of an impending recession," saying the unemployment rate would only rise by 0.3% despite most tech industries losing jobs simultaneously.
GS released a report noting economists say there is a 35% probability of a US recession over the next year.
Goldman Sachs: "The US may avoid a downturn partly because data on economic activity is nowhere close to recessionary."