Foxconn, a supplier for Apple (NASDAQ:AAPL), has announced that it’s cutting its workforce.
The exact number of employees that will be affected by the Foxconn layoffs hasn’t been announced. The company also hasn’t said when the layoffs will go into effect. The job cuts come as the company faces higher wages in China and less revenue growth, reports Reuters.
The Foxconn layoffs are also likely affected by the company’s desire to replace workers with robots. The use of robotic arms in some parts of the company’s work will allow the company to replace workers that were performing simple tasks, Reuters notes.
The Foxconn layoffs comes as Apple is expected to announce record iPhone sales, with the possibility that it sold more phones in China than the United States, reports MacRumors.
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