It's official: Apple is still the only tech giant to have avoided recent major layoffs or cost cuts

• Apple took a beating in the holiday quarter, posting its first yearly sales drop since 2019.
• Every tech company is suffering right now, with almost every one doing layoffs and cost cuts.
• But Apple hasn't, and CEO Tim Cook says it still plans to invest "in innovation, in people."

The mood in Silicon Valley has been nothing but doom-and-gloom, and this week's marathon session of financial reports didn't help matters.