Apple begins laying off third-party contractors: Report

San Francisco: Apple, the only Big Tech company that has avoided mass layoffs to date, has reportedly started laying off third-party contractors.

The New York Post reported, citing people with direct knowledge, that the iPhone maker has started to cut ties with hundreds of contractors quietly.

“Instead of waiting for contracts that are typically renewed every 12 to 15 months to expire, Apple is firing contractors outright,” said the report, citing sources.

Apple did not comment on the report.

According to the report, firing contractors is a move to cut costs.