Inside Apple’s Companywide Cost-Cutting Push to Avoid Layoffs

Apple CEO Tim Cook.

Photographer: Bloomberg/Bloomberg

Apple is pulling every lever it can to cut costs enough to avoid laying off full-time employees. Also: The company will now let you video chat with a salesperson at its online store, and the next version of iOS approaches.

Last week in Power On: Apple and Chief Executive Officer Tim Cook face an unprecedented exodus of top executives.