One Apple supplier cut a whopping 50,000 iPhone assembly jobs ahead of schedule

The iPhone XS and iPhone XS Max

In order to meet the high demand that stems from new iPhone launches, manufacturers such as Foxconn and Pegatron rely on thousands of temporary employees throughout the August to January season. But this year the situation has led to some pretty big workforce cuts.

Typically, both Foxconn and Pegatron renew contracts on a monthly basis in order to maximize their profits before starting cuts in late January as iPhone demand weakens. As a direct result of slow iPhone sales throughout the end of 2018, though, ...

from PhoneArena http://bit.ly/2RWP3lY

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