While Other Execs Are Cutting Payroll, Tim Cook Slashed His Own

Big Tech companies have made headlines for all the wrong reasons in recent months, cutting jobs while placing heavy investments into artificial intelligence, but Apple CEO Tim Cook decided to slash his own compensation in 2023 instead. Elon Musk famously laid off most of Twitter’s staff after taking over as CEO, and social media giant Meta eliminated positions as well. Most recently, Alphabet — the company that owns Google — cut 12,000 jobs in January 2023, equaling six percent of the corporation’s global workforce. Prospects are grim for both companies and employees in the tech industry at the moment, but Apple has chosen a rare alternative to the trend.

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Author: Brady Snyder