Apple Inc (AAPL): Apple to Slow Hiring, Spending to Deal w...

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Monday, 07/18/2022 6:41:45 PM

Monday, July 18, 2022 6:41:45 PM

Apple to Slow Hiring, Spending to Deal with Economic Downtown, Bloomberg Reports
July 18 2022 - 04:06PM
Dow Jones News
By Denny Jacob

--Apple Inc. plans to slow hiring and spending growth next year in some divisions to deal with a potential economic downtown, Bloomberg reported, citing people familiar with each matter.

--The tech giant's decision stems from a move to be more careful during uncertain times, though it isn't a company wide policy, the report said.

--The changes won't affect all teams, and Apple is still planning an aggressive product launch schedule in 2023 that includes a mixed-reality headset, Bloomberg reported.

--Representatives for Apple didn't immediately respond to a request for comment from Dow Jones Newswires.

Full story at https://www.bloomberg.com/news/articles/2022-07-18/apple-to-slow-hiring-and-spending-for-some-teams-next-year?sref=b0us4KbN

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/88615558/apple-to-slow-hiring-spending-to-deal-with-econom