“Among U.S. technology companies with a market value of more than $100 million, almost 50 increased employment by more than half in the most recently reported two-year period, according to data compiled by Bloomberg,” Heather Perlberg reports for Bloomberg.
“While the broader unemployment rate dropped to 8.5 percent in December, reaching a three-year low, few companies outside of technology have as voracious an appetite for workers,” Perlberg reports. “In the software and services industry, 74 companies with more than $100 million in market value expanded their workforce by at least 10 percent. That was more than any other industry group measured by Bloomberg.”
Perlberg reports, “Apple Inc., Google Inc., Amazon.com Inc. were among the companies that increased their workforce by at least 50 percent in the past two years, Bloomberg’s data showed… Some employers are concerned that the hiring spree resembles the go-go days of the dot-com bubble. When technology stocks crashed in 2000, thousands of jobs vanished. Silicon Valley lost more than 85,000 positions between 2001 and 2008, and the other technology hotbeds suffered similar losses.”
Read more in the full article here.
MacDailyNews Take: One key difference between today and the sock puppet days: Apple makes real products and has the world’s most successful and rapidly-growing network of retail stores in which to sell them. $100 billion in the bank vs. vaporous fantasies.
nonetheless, what goes up must come down…when begins to slip, it will be because of external factors and not the company’s work ethic and philosophy,
Or because they run out of new customers to sell to.
lol, or that.
A LONG ways to go before that happens. The iPhone hasn’t even been fully released in China yet. At 40 million per year, that’s 30 years before Apple sells one iPhone to each person. And that doesn’t include upgrades after 1-2 years . . . .
The so called dot.com problem was driven by big companies like Amazon that had never made a profit. This situation lulled many to believe that increases in revenue were the most important thing. Apple’s current performance would have a P/E of 60 or more in that environment.
The problem was not Amazon. It was Pets.com and all the other web merchants that didn’t have a viable business plan. Bezos was smart – books were the most computer tracked product (think ISBN#s) before Amazon, that’s why he started with books. Compare shipping books to bags of dog food.
Also all the MeToo Linux outfits, trying to copy Red hat.
If you are thinking about working for Apple and you choose not to apply because you think you may eventually get laid off or fired, DON’T APPLY and leave your spot for someone who will pull their share of the load without needing slack because you lack commitment. No problem.