After Meta and Google, Apple is also holding back hiring
Apple will reduce hiring and costs. The changes, which will affect only a few divisions, come in anticipation of a possible economic downturn next year, according to Bloomberg. Here are all the details
Apple will slow hiring in 2023.
The changes won't affect all divisions, Bloomberg first reported, but some teams will see staff increases next year and some positions won't be filled.
If the news from the Cupertino giant is confirmed, it would be the last major tech company to change its hiring plans.
Many big techs have changed their hiring schedules in recent weeks. The latest was Google. Last week, number one Sundar Pichai informed staff of a slowdown in hiring. Before that, Meta . On June 29 Mark Zuckerberg, owner and CEO of Meta (Facebook) announced to employees the decision to reduce the target of hiring engineers by 30%. On the occasion, Zuckerberg warned them to prepare for a deep economic recession.
The test will be the quarterly expected by the end of the month.
All the details.
THE BRAKE OF APPLE TO NEW HIRES ACCORDING TO BLOOMBERG
According to the Bloomberg report, the plans of the company led by Tim Cook will not affect all divisions and Apple is still planning a program to launch a new product for 2023, a headset for mixed reality, its first new big category since. 2015.
Typically, Apple launches a new version of its iPhone and other wearable products in September ahead of the busy holiday season.
According to its latest annual report, the Cupertino-based company had approximately 154,000 full-time employees.
THE COMMENT OF THE ANALYSTS
"Apple's move reflects a broader slowdown in investments in new things, new companies and new products," said Kim Forrest, chief investment officer at Bokeh Capital Partners, reprimanded by Reuters . "It means inflation is a problem for these companies."
SWEEPER RECESSION
In recent months, fears have increased that the Federal Reserve's aggressive interest rate hikes to quell a surge in inflation could plunge the economy into a recession. Pricing pressures have also raised concerns that customers may curb spending on discretionary items like smartphones.
Numerous tech companies have therefore scaled back their expectations in anticipation of a possible recession in the United States.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/dopo-meta-e-google-anche-apple-frena-le-assunzioni/ on Tue, 19 Jul 2022 10:30:30 +0000.