Apple layoffs: Mass sacking are last resort, says Tim Cook
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As tech layoffs continue unabated amid the global meltdown, Apple CEO Tim Cook has said that mass layoffs are a "last resort" for him. The tech giant, however, is reducing costs and has slowed down the pace of hiring. Cook told CNBC that he views layoffs "as a last resort" and "mass layoffs is not something that we're talking about at this moment". He said that the company is "continuing to be extremely prudent on hiring".