[jjirsa]

> Apple's underlying economics haven't changed, so they have not had any reason to over-hire in the first place.

The bloomberg article has a visual showing revenue-per-employee going up from 1.17M/employee (2017-2019) to 2.51M/employee (2020-2022), so ... some of the underlying economics changed somehow?

[orangecat]

revenue-per-employee going up from 1.17M/employee (2017-2019) to 2.51M/employee (2020-2022)

The pandemic probably contributed to that, but also during that period they went from their worst line of Macs in recent years to their best.