Apple to Cut Back on Hiring Following Slower Than Expected Holiday Quarter

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Posted January 17, 2019 at 4:49am by iClarified

Apple is planing to cut back on hiring after selling fewer iPhones than expected this past holiday season. Earlier this month, the company announced reduced revenue guidance for Q4 2018. It's the first time Apple has reduced its sales forecast in nearly two decades.

At an all-hands meeting with employees, Apple CEO Tim Cook was asked if he would institute a hiring freeze. He said he didn't believe that was the solution but indicated that some divisions would reduce hiring.

Cook said he is yet to fully determine which divisions would cut back on hiring, but said that key groups such as Apple’s artificial intelligence team would continue to add new employees at a strong pace. He also emphasized that a division’s importance to Apple’s future isn’t measured by hiring rates.

Apple currently employs around 132,000 people. It added about 9,000 employees last year and 7,000 the year before.

The hiring pullback will not affect Apple's plans to open new offices in Austin, Texas, or its expansion in the Los Angeles area.

More details in the full report linked below...

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Apple to Cut Back on Hiring Following Slower Than Expected Holiday Quarter

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onelife - January 17, 2019 at 7:35pm

Next iPhone release will be even worse IMO

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NoGoodNick - January 17, 2019 at 2:16pm

Once again, Apple is clearly in serious decline, even as they (just like every single disgraced politician), refuses to admit their 2019 pricing policies were a disaster. Rather than face their own self-inflicted injury, they putter around the edges by offering minor discounts rather than resetting their prices in a sensible and defendable manner. Talk of withholding data, or criticizing analysts, just makes their problems worse and erodes the consumer confidence they’ve built their reputation on.