It's difficult to underestimate the importance of finding good help these days.
And regardless of what BlackBerry Ltd (NASDAQ:BBRY)
's faltering business would seem to imply, the folks at Apple Inc. (NASDAQ:AAPL)
know all too well the Canadian smartphone maker had no shortage of talent.
Image sources: WikiMedia Commons.
That was, at least, until BlackBerry shocked investors
on September 20 by announcing its layoff of approximately 4,500 employees, or a full 40% of its workforce.
And that's when Apple stepped in.
According to a Financial Post report
earlier this week, Apple wasted no time jumping on the opportunity by holding a recruitment drive just six days later at a conference center located within minutes of BlackBerry's main campus in Waterloo, Ontario.
What's more, according to a LinkedIn Corp (NYSE:LNKD)
invitation sent to some BlackBerry employees prior to the event, though most of Apple's new positions are to be based in Cupertino, "relocation and immigration assistance will be provided for candidates that are hired, as needed."
So why's Apple vying for all this talent?
Call me crazy, but something tells me it's a tad difficult for a $450 billion technology company to continue growing and innovating at any meaningful clip without bringing more hands on deck. As Apple's products become ever more popular
on a global scale, it's safe to expect supporting that growth will only become more difficult with each passing day.
Remember, back in May Apple's team of iOS 7 software engineers reportedly had to resort to temporarily "borrowing" from the company's pool of OS X 10.9 developers, all in a bid to ensure iOS 7 would be released on time. That meant delaying the planned launch of OS X Mavericks a bit, but considering they later stated the iOS 7 redesign resulted in the fastest software upgrade in history -- with around 200 million iOS device users
upgrading in the four days following its debut -- it's safe to say Apple picked the right battle to fight.
But as a recovering software engineer myself, I know it's not uncommon to borrow from other internal teams for big releases. However, being understaffed is undoubtedly a less-than-ideal situation most companies would love to avoid, especially when they have the cash to hire new talent -- if only they can find it.
And while BlackBerry's newly jobless pool of tech workers may be one of the largest to become suddenly available in recent memory, keep in mind this isn't the first time Apple's gone out on a limb to poach qualified workers from other large corporations. Last December, for example, Apple grabbed
dozens of new engineers to grow its chipmaking operations in Israel after Texas Instruments Incorporated (NASDAQ:TXN)
cut around 250 jobs from its Ra'anana development center.
Just a few months before that, Apple hired
group of former Nuance Communications Inc. (NASDAQ:NUAN)
engineers in Boston, which lent credence to theories that Apple could be interested in ditching the voice-recognition specialist in favor of building its own speech engine instead.
So what can investors take from all this?