Apple planning to cut hiring due to slipping iPhone sales
Apple is looking to cutting dorsum on hiring due to slipping iPhone sales, reports Bloomberg. Citing sources familiar amongst the matter, the outlet’s Mark Gurman says the fellowship plans to trim down hiring for simply about divisions next weaker-than-anticipated handset sales during the recent quarter.
Tim Cook, Apple’s master copy executive officer, made the disclosure to employees before this calendar month inward a coming together the twenty-four hr menses later on he penned a alphabetic quality to investors almost the company’s recent struggles, especially inward China. During the meeting, Cook was asked if the fellowship would impose a hiring freeze inward response. He said he didn’t believe that was the solution. Instead, Cook said simply about divisions would trim down hiring, according to the people, who asked non to live on identified discussing soul matters.
Gurman adds that Cook hasn’t nevertheless determined which divisions volition cutting dorsum on hiring, but he emphasized that a division’s importance isn’t measured yesteryear hiring rates. It sounds similar the reduction won’t striking fundamental teams similar those inward AI, or comport upon the opening of the company’s novel Austin, TX offices.
After to a greater extent than than a decade of explosive increment next striking products similar the iPod as well as iPhone, Apple finds itself inward a weird location correct now. Earlier this calendar month the fellowship announced it was forced to cutting its projected revenue for the vacation quarter yesteryear at to the lowest degree $5 billion on lower-than-expected sales.
Source: Bloomberg
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