Technology news and Jobs 
VIRTUALISATION Apple's retail layoffs misstated?
VIRTUALISATION Apple's retail layoffs misstated? | Apple's retail layoffs misstated? |
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| by Stephen Withers | |
| Monday, 27 April 2009 | |
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Let's start with the facts. Apple's 10Q filing for its fiscal second quarter notes that "As of March 28, 2009, the Retail segment had approximately 14,000 full-time equivalent employees". The prior quarter filing reported "approximately 15,600 full-time equivalent employees". Does that mean Apple has sacked 1600 people? No. The key phrase is "full-time equivalent" (FTE). How can this statistic be interpreted? Please read on. |
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