As tech layoffs continue unabated amid the global meltdown, Apple CEO Tim Cook has said mass layoffs are a “last resort” for him, however, as the tech giant is cutting costs and slowing the pace of hiring.

Cook told CNBC that he considers layoffs a “last resort” and “mass layoffs are not something we’re talking about at this moment.” He said the company “continues to be very careful with hiring.” before.

“We’re doing all the right things by challenging the things we spend, and just finding a few more ways to save,” the Apple CEO was quoted as saying. Apple cut a small number of employees in the company’s retail division in early April, according to reports.

The company has reportedly delayed bonuses, and Apple hasn’t hired in the way other tech giants have during the pandemic which is why the company is in a better position not to lay off employees. Apple posted record revenue of $94.8 billion for the March quarter which is better than expected.

The company sold $51.3 billion worth of iPhones in the March quarter, a record for the company, and Apple services also set an all-time record with $20.9 billion in revenue for the March quarter, and he said, “We all achieved revenue records across the App Store, Apple Music, iCloud, and payment services.” And now, with over 975 million paid subscriptions, we’re reaching even more people with our suite of services.”

Apple Mac revenue was $7.2 billion, in line with the company’s expectations, iPad revenue was $6.7 billion, and wearables, home and accessories revenue was $8.8 billion.