Apple plans to slow hiring and spending next year in some divisions due to potential economic downturn, according to Bloomberg’s Mark Gurman. The report claims the decision is not a companywide policy and will not affect all teams within Apple.
Apple is still planning an “aggressive” schedule of product launches in 2023, including a widely rumored AR/VR headset, according to Gurman. The report does not provide further details about exact reductions to hiring or spending that are planned, with readers directed to the Bloomberg Terminal for additional information.
Apple’s alleged plans to slow hiring and spending in 2023 comes amid especially uncertain times, with the COVID-19 pandemic, Russo-Ukrainian War, and high inflation driving concerns about lower consumer spending and a recession.
Apple shares were trading nearly 2% lower following the report.
A few months ago, Apple reported its best March quarter ever, with $97.3 billion in revenue and $25 billion in profit. Apple is set to report its earnings results for the June quarter on July 28 at approximately 1:30 p.m. Pacific Time.Tag: Mark Gurman
This article, “Apple Reportedly Plans to Slow Hiring and Spending for Some Teams in 2023” first appeared on MacRumors.com
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