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Foxconn Cuts 50,000 Jobs In Asia Due To iPhone Sale Slowdown
| Normally, the 50,000 contract workers who have been let go at Foxconn's most important factory in Zhengzhou would have been kept around for a few more months, as the manufacturer gradually reduced its employee head count.
The report comes after Apple announced plans to cut iPhone production for the second time in two months.
Around 50,000 contract workers have been let go since October at Foxconn Technology Group's most important iPhone factory at Zhengzhou,
| in China's Henan Province, according to an industry source familiar with the situation. Normally, the contracts of these workers would be renewed every month from August until mid- to late January, when the workforce is traditionally scaled back for the slow iPhone production season.
The depth of the cuts isn't deeper than in previous years, it's just happening much earlier than expected, as many workers were asked to leave before year-end as expectations for holiday sales slumped.
| https://www.zerohedge.com/news/2019-01-18/foxconn-cuts-50000-seasonal-jobs-iphone-sales-slowdown-stings
| How long before the media starts shilling for them? "Anyone with an old iPhone is clearly planning to do bad scary hacking stuff. And anyone who doesn't have one at all is suspiciously quiet and clearly planning to shoot up a school. If you aren't a criminal why don't you have three iPhones on your person at all times?"
| >>523045
>How long before the media starts shilling for them? "Anyone with an old iPhone is clearly planning to do bad scary hacking stuff. And anyone who doesn't have one at all is suspiciously quiet and clearly planning to shoot up a school. If you aren't a criminal why don't you have three iPhones on your person at all times?"
Apple doesn't need the media to invent such stories. IOS is a closed system, so they can just disable old devices remotely via software.
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| In the latest indication that the slump in sales of Apple's most recent batch of iPhones isn't a transitory trend, Nikkei Asia Review on Friday reported that Foxconn, one of Apple's biggest and most important iPhone suppliers, is cutting seasonal staff more swiftly than in previous years, a sign that it is bracing for weak sales in the months ahead as the industry suffers its worst downturn in 10 years.