Apple will slow down next year

July 18, 2022
Today at
22:47

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Apple is reportedly planning to slow hiring and spending growth next year, according to Bloomberg.

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Apple intends to slow hiring and spending growth next year in some units to deal with a possible economic slowdown, reports Bloomberg News. The changes won’t affect all teams, and Apple is still planning a aggressive 2023 product launch schedule which includes a mixed reality headset, its first major new category since 2015, according to the report.

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Apple

, down 2.06% on Wall Street at the close, is the latest company to plan to slow hiring, joining Meta, Tesla and several U.S. banks as they brace for a possible economic downturn.

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Rising remuneration

While slowing spending is rare, Apple has already taken similar action. In early 2019, before the Covid-19 pandemic, the company cut hiring after iPhone sales that had missed expectations in China and other parts of the world. In April, it also slowed the hiring of certain positions at Apple retail stores.

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However, the company plans toincrease your company-wide compensation budget this year to cope with a tighter job market. Apple is also facing attempts to unionize its stores in the United States.

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Apple will slow down next year

Rising remuneration

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