Some Apple teams will experience slower hiring and spending in 2023, as another tech giant tightens its belt
Apple will reportedly slow hiring and spending for several of its teams in 2023, amid economic concerns.
That’s according to Bloomberg’s Mark Gurman (a noted Apple leaker), after he reported that Apple won’t be backfilling roles or adding new employees in some areas, citing people with knowledge of the matter.
Apple is not alone in this regard. Google CEO Sundar Pichai warned in an email to employees last week that Alphabet plans to slow hiring and consolidate investments through 2023.
Recruitment is slow
Microsoft recently confirmed it had begun cutting fewer than 1 percent of jobs as part of structural adjustments, after warning the Windows and Office divisions in May to take a more conservative approach to hiring new people.
The moves come as the world faces inflationary pressures, rising fuel costs and food prices, caused in part by the economic fallout from Russia’s illegal invasion of Ukraine and lockdowns imposed during the global coronavirus pandemic.
Other tech companies are also adjusting staff.
Facebook’s parent Meta platform earlier this month lowered its target for adding software engineers from 10,000 to about 6,000 to 7,000.
Tesla, meanwhile, is already restructuring its operations and in the process of cutting 10,000 jobs, after Elon Musk announced he had a “very bad feeling” about the economy and plans to cut headcount by 10 percent and “stop all hiring worldwide.”
Now Bloomberg reports that Apple plans to slow hiring and cost growth in some units next year to counter a possible economic slowdown.
According to Bloomberg, 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, its first major new category since 2015, when it introduced its first wearable, the Apple Watch. introduced
IDC last month forecast that smartphone shipments would decline 3.5 percent to 1.31 billion units in 2022.
After three consecutive quarters of declines and mounting challenges in both supply and demand, IDC significantly lowered its forecast for 2022 from its previous estimate of 1.6 percent growth.
Apple is widely expected to launch a new version of its iPhone (iPhone 14) and other wearable products in September.