Apple cuts 1,600 full-time equivalents

Despite blowout second quarter results and excellent survey results Apple recently shed 1,600 full-time “equivalents” (from 15,600 to 14,000) at the end of Apple’s first fiscal quarter, according to a SEC filing.

While an 11 percent cut in “equivalents” is hardly dramatic in our current economic climate, it shows that even the mighty Apple isn’t 100 percent recession proof.