The American Apple will have plans to slow down the pace of hiring and spending what it will do with some business units next year, given the more challenging economic environment ahead. The news is advanced by Bloomberg, who cites a source with knowledge of the matter.
The news indicates that this cost containment should not affect all teams, but some specific business units. Despite this possible foot on the brake, information compiled by Bloomberg states that Tim Cook’s company is still preparing a Product launch “aggressive” for 2023.
Related industry news says the technology may move forward with the launch of a mixed reality headset, a mix between augmented and virtual reality. If confirmed, this could be the first launch of a new category of Apple products since 2015, when the iPhone owner introduced the Apple Watch to the market.
The fact that Apple, the world’s most valuable company, is considering such a move was not viewed favorably by investors as it can be seen as a slowdown in activity. Following the release of the Bloomberg news, shares of the company closed Monday’s session down 2.06% to $147.07.
As of September 2021, the month Apple ends its fiscal year, the company had 154,000 full-time workers.
If this decision is confirmed, Apple joins a growing group of companies who are warning about the consequences of the current economic situation and holding back hiring. Meta, which controls Facebook and Instagram, warned employees earlier this month that “serious times are coming,” with CEO Mark Zuckerberg warning of “one of the worst accidents” seen in the company’s recent history. The company also intends to scale back hiring plans.
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THE alphabet, the owner of Google, is another of the companies that intends to stop the expansion of the number of employees -something that, by the way, it has already done in 2020, after the outbreak of the Covid-19 pandemic.
He too Microsoft was in the news last week due to plans to reduce the total number of workers by 1% throughout fiscal year 2023. As of June 2021, in the annual report, the Redmond technology company employed 181,000 people. The company directed by Satya Nadella justifies this decision with a “strategic realignment”, explaining that it results from the periodic evaluation it carries out of the different business areas.
Snap, known for the Snapchat app, is another example of those that have also warned they will slow hiring, already anticipating a quarter with more modest results. In May, Snap said it will only hire 500 more people this year, compared to hiring 2,000 people in the last 12 months.
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Source: Observadora
