Apple details more job cuts
The layoffs are the result of a reorganization of the company's sales and marketing efforts, the Mac maker says in a regulatory filing.
Apple said a reorganization of its sales and marketing efforts will result in 148 job cuts over the course of the current fiscal year, which ends in September. The cuts are in addition to 200 jobs that were eliminated when the company closed its Sacramento, Calif., plant in April. Apple said in April that it was making the cuts, but did not say how many jobs were affected.
The Cupertino, Calif.-based company detailed the cuts late Thursday in its quarterly filing with the U.S. Securities and Exchange Commission.
Apple took a $9.6 million restructuring charge last quarter, and the company said in the filing that it expects to take another $10 million charge in the current quarter, largely related to finalizing the plant closure.
The company said the job cuts and the plant closing should save it $6 million per quarter in operating expenses. Shuttering the plant alone should save the company $3 million per quarter, Apple Executive Vice President Tim Cook said at last month's shareholder meeting.
Although Apple has pared jobs on several occasions in recent years, the company has continued to grow its overall ranks. Much of the hiring has come as the company has expanded its network of Apple-owned retail stores.