Former Apple employee sues for $5 mn, accusing agency of breaching New York paycheck legislation


Apple Inc. was accused in a lawsuit flouting a New York labor legislation by not issuing weekly paychecks to its retailer staff who do handbook labor.

Apple Inc. was accused in a lawsuit flouting a New York labor legislation by not issuing weekly paychecks to its retailer staff who do handbook labor.

Raven Ramos, who labored at Apple’s Fifth Ave. retailer in Manhattan for greater than seven years, claims the corporate paid her each different week, moderately than weekly, as required by state legislation.

Filed Monday as a category motion on behalf of different staff, the criticism seeks “well in excess” of $5 million from Apple for delayed compensation funds below a legislation typically invoked in lawsuits in opposition to employers. Ramos says her job’s handbook duties included unboxing merchandise, emptying money registers and serving to prospects on the gross sales ground.

Apple did not instantly reply to a request for remark.

JP Morgan drops Apple, Qualcomm from prime picks as tech demand slows

(Reuters) – Slowing demand for smartphones is more likely to hit progress at Apple and chipmaker Qualcomm, analysts at JP Morgan mentioned on Friday as they dropped the businesses from the listing of most most well-liked shares.

The elimination from the brokerage’s “Analyst Focus List” comes as analysts warn that contemporary coronavirus lockdowns in China and rising value of products as a result of Ukraine battle may damage smartphone demand in 2022.

Analyst Samik Chatterjee mentioned a moderation in shopper spending would mood larger expectation from the latest iPhone SE launch, whereas a slowdown in gaming in China may weigh on Apple’s companies.

Apple is already planning to decrease iPhone and AirPod manufacturing as a result of a requirement slowdown, the Nikkei newspaper reported on Monday.

Qualcomm, in the meantime, will possible bear the brunt of weak point within the smartphone marketplace for low- to mid-end Android handsets, Chatterjee mentioned.

“There has been understandably a lot of noise around demand weakness across global tech, but we believe the macro weakness seeping through the sector will impact the consumer end-markets more materially,” he mentioned.

The brokerage nonetheless charges Apple and Qualcomm “overweight” — the equal of a “buy” ranking — based mostly on their longer-term potential.

JP Morgan mentioned in an atmosphere of slowing shopper demand it has added to its listing of community gear firms Arista Networks and Ciena on hopes of a extra resilient demand for telecom and cloud-related spending.





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