What to Consider Before Accepting an Employee Buyout
David Peters, financial advisor and CPA, joined Cheddar News to break down exactly how employee buyouts work. HE described the method as a way for companies to cut payroll costs. "One of the things to consider is how long we think we're going to be without a job," he said. "That is going to help us to look at the deal that is being offered and help us decide if that's going to be the right thing for us."
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
