Why Apple never does mass layoffs?

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Maybe because they are not mass hiring ?
Or because of good stock stability and good product lineup they are able to beat market volatility ?

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Predominantly because it has lot of contractors and also heavily relies on product (iPhone) sales than services/software.

I meant in terms of revenue. Hardware is the main source of revenue and not services.

You never know in this market! 🤷

Google also?

Because most of the Apple revenue comes from B2C products and a very small part (if any) from B2B. Further, they have fixed product release cycles (typically yearly releases). So Apple gets hit only when their product launch coincides with heavy recession. Given their cash flow, and fact that they usually do 2 releases per year (1 for iPhone and another for mac/iPad etc.), and fact that they own the whole ecosystem (hardware + software - up to chip and OS level), they usually don't get hit that badly (though they are not immune - iPhone 14 numbers are not that great, but not that bad to trigger layoffs).

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