TMS Ep353: Apple avoids layoff, El Nino, T+1 settlement cycle, influencers

How has Apple avoided the mass layoff mess? How will El Nino affect Indian farms in 2023? Are FPIs ready for the T+1 settlement cycle? What are influencers? All answers here

Big tech is bracing for dismal profits and a looming recession. Not surprisingly, tech majors of the world, like Google, Microsoft, Facebook and Amazon, have resorted to mass layoffs over the past few months. But US smartphone giant Apple has remained conspicuously out of the messy layoffs. How has Apple managed to do so? 

Riding on the tide of layoff, tech majors have been downsizing their workforce in response to immediate losses as well as preparing for a long-term recession. Meanwhile, India is also preparing to face the havoc of El Niño, which is synonymous with the weak monsoon in India.