Days after global tech major Microsoft announced to cut 1% of jobs, a first in five years, US tech giant Apple is reported to be considering going slow on hiring by cutting its spending in 2023.
According to recent reports, Apple, which predicts a global slowdown is looking to be more careful as these are uncertain times. However, slowing down on hiring isn't a company wide policy, according to the report.
The proposed changes will not impact all teams but are being done to “cope with the economic downturn.” It's not clear what teams will be impacted by the move but it is said to happen in 2023 and not the current financial year.
Recently Meta — Facebook's parent company — has also announced to cut down certain contractual jobs.
While Apple plans to go slow in hiring it plans to have an “aggressive product launch schedule” in 2023. Rumours have been rife about Apple launching a mixed-reality headset, which will be its first big new category in eight years.
Apart from that, Apple has reportedly got big plans for Mac computers as well. Further iPhone 14 launch schedule also seems to be on track despite supply chain issues across the world.
The new phone is expected to be launched in September 2022. As per reports Apple may launch four new iPhones and for the first time as many as three new smartwatches.
Later this month, Apple has scheduled a quarterly earnings call. Although the company doesn't give away much information, we can expect to know more about how Apple is doing and what are the expectations for the next few quarters.