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Apple poised for hiring spree in Silicon Valley

Michael Liedtke (via AP/ SMH) | June 5, 2013
Apple aims to expand its Silicon Valley workforce by nearly 50 percent in the next three years.

Although the report didn't touch on the subject, Apple probably doesn't pay the employees working outside its headquarters nearly as well. Nearly 43,000 of Apple's employees worldwide work in the company's stores or other jobs in its retail division, according to the company's annual report. Apple has also come under blistering criticism for relying on contractors that hire cheap labor in China and other overseas factories to assemble its products.

Not surprisingly, the Keyser Marston report draws a flattering portrait of Apple. It depicts the company as an indispensable cog in Silicon Valley's economy, a sensitive issue for Apple after coming under fire last month in Washington for legally sheltering a large chunk of its profits overseas to minimize its U.S. tax bill. Apple CEO Tim Cook testified before a Senate subcommittee in an attempt to convince skeptical lawmakers that the company has been doing more than its share to support the U.S. economy.

Much of the Keyser Marston report breaks down the economic benefits that Apple brings to a city with a population of about 58,000 people. Apple will pay $9.2 million in taxes to Cupertino during the current fiscal year ending in June, accounting about 18 percent of the city's general fund, according to the report. If the new headquarters is built, the report estimated the Apple's tax contributions to Cupertino will rise to $13 million annually.

Nearly 1,300 of Apple's 16,000 headquarters workers live in Cupertino. Another 2,100 of the headquarters workers live in the neighboring cities of Sunnyvale and Santa Clara.

 

 

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