Daily Management Review

Apple to slow down new hires


Apple plans to decrease the number of new hires to get ready for a potential downturn in the economy.

In 2023, Apple plans to slow down the pace of hiring new employees and spend less on pay, according to Bloomberg, which cited sources.

The company made this decision in order to be more cautious in uncertain times when the United States and the rest of the globe are at risk from a potential recession. Interlocutors from the agency stressed that the new strategy would not be adopted as company-wide policy; rather, only a few divisions of the business would be affected.

According to insiders, Apple would continue release new products at a "aggressive" rate in 2023. A representative at Apple declined to comment.

Analysts surveyed by The Wall Street Journal in mid-June believe that there is a 44 percent chance that the United States would have a recession in the coming year. According to the article, such an indicator is typically only discovered just before or during a genuine recession.

source: bloomberg.com