According to relevant reports, Foxconn's iPhone assembly plant has cut 50000 jobs since October 2018. What happened to Foxconn's 50000 layoffs? Let's learn the details of Foxconn's layoff of 50000.
A Shenzhen based parts supplier asked 4000 employees to take a 'vacation' from October to March this year. At the same time, in addition to allowing contract workers to be laid off early, Foxconn also hopes to reduce its management and back office technicians by merging its departments. Foxconn recently merged the business unit that makes Apple's Macbook and iPad with another unit that makes laptops and desktops for DELL (Dell) and Acer (Acer).
In China, the world's largest smartphone market, apple is facing severe challenges. IPhone prices have been cut across all channels to ensure sufficient competitiveness and try to recover the declining market performance through price reduction.