Apple cuts 1,600 full-time equivalents (Updated)
Despite blowout second quarter results and excellent survey results Apple recently shed 1,600 jobs full-time "equivalents" (from 15,600 to 14,000) at the end of Apple's first fiscal quarter, according to a SEC filing.As of March 28, 2009, the Retail segment had approximately 14,000 full-time equivalent employees and had outstanding lease commitments associated with retail space of $1.