Foxconn dismisses 50,000 workers as Apple cuts production plan
Taiwan-based multinational electronics firm Foxconn Technology Group conducted a mass layoff amid decline in global smartphone sales.
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Another sad Apple-related news
Foxconn, which is Apple’s biggest iPhone assembler, was forced to let go 50,000 workers from its China operation since October of last year.
Industry sources also questioned the timing, saying the mass layoff was earlier than what was usual. According to GSMarena, Foxconn normally renews contract from August until mid-to-late January.
It's quite different this year to ask assembly line workers to leave before the year-end, a source told Nikkei.
While the company has yet to issue official statement, sources believed the move might be the influence of Apple’s decision to cut its production plan by 10 percent for new iPhones as demands from China, the largest smartphone market, has been decreasing.
Pegatron, Apple’s second-largest assembly firm, had also decided to reduce its employees, with sources citing the same reason as Foxconn. The company now has 100,000 employees to maintain regular operation, from the 200,000 workers it usually hires during peak season.
What do you think of this sad news, guys?
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