@carnage4life Stratechery had a good piece on that in January: “Apple does deserve credit for whatever combination of discipline and employee retention that led them to avoid the 2022 employee glut that affected their competitors”.
https://stratechery.com/2023/tech-layoffs-big-techs-hiring-rates-microsofts-vr-layoffs/ Tech Layoffs, Big Tech’s Hiring Rates, Microsoft’s VR Layoffs
Tech’s layoffs are popularly thought to be because of over-hiring during the pandemic, but in fact there isn’t much evidence that tech over-hired based on past rates. Then, Microsoft st…
Stratechery by Ben Thompson