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...
Read More
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...
Read More