Apple doesn't have plans for big layoffs, CEO Tim Cook told CNBC while discussing the company's earnings on Thursday.
"I view that as a last resort and, so, mass layoffs is not something that we're talking about at this moment," Cook told CNBC's Steve Kovach.
Cook didn't rule out the possibility of job cuts but said that Apple isn't planning any and that such a move would only be a "last resort.""We're continuing to be extremely prudent on hiring. We're continuing to hire, just at a lower clip level than we were before," Cook said. "And we're doing all the right things of challenging the things that we spend, and we're just finding a few more ways to save on it."c than many of its rivals.
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