Apple to slow down hiring and spending in some areas - report

Apple is taking measures in response to economic uncertainty, Bloomberg reports

Apple is planning to slow down hiring and spending next year in an effort to deal with a potential economic downturn, according to reports from Bloomberg.

The US news outlet cites people familiar with the matter as stating that the decision "stems from a move to be more careful during uncertain times".

But the move will not impact all teams and is not a company-wide policy, the report adds, with Apple still planning an "aggressive" product launch schedule in 2023.

Apple did not comment on the reports.

Among the areas where spending is expected to slow, according to Bloomberg, is in research and development, where the vendor is providing a lower than expected budget and will not hire to select teams.

It also plans to not fill roles of departing employees for some groups.

Apple is just one of a number of vendors to take steps to reduce expenditure in certain areas. Microsoft last week said it would cut some jobs but insisted it would still grow its headcount overall over the next year and that the decision was not taken due to current economic challenges.

Bloomberg also reported last week that Google CEO Sundar Pichai told staff in an email that the company planned to slow hiring for the remainder of 2022.