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Apple Inc NASDAQ:AAPL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.70 -0.49% 141.95 141.90 141.91 145.56 140.91 142.34 76,098,153 00:59:45

Apple to Slow Hiring, Spending to Deal with Economic Downtown, Bloomberg Reports

18/07/2022 9:06pm

Dow Jones News


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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

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

July 18, 2022 15:51 ET (19:51 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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