Apple Plan For Reduction On New Hires Following iPhone Sales Slowdown

According to a report from Bloomberg, Apple plans to “cut back on hiring” in some divisions as a result of declining iPhone sales and lower-than-expected revenues during the holiday season. However, the company hasn’t completely decided which divisions will see a reduction in hiring, but the core units like the Apple AI team will still welcome new hires at a faster pace.

As when Tim Cook held an all-hands meeting with employees on the falling iPhone sales, the CEO was asked whether the company would take a freeze on hiring in response. Cook said at the time that he did not think the move was an ideal solution. However, Cook said that some divisions should “cut back on hiring”, while Apple executives have emphasized the decline in iPhone sales is also an opportunity for new innovations.

Following Cook’s talk with employees, some Apple senior vice presidents held separate meetings with vice presidents, senior directors and other managers in their groups to emphasize that the iPhone sales slowdown is an opportunity for new innovation, according to one of the people.

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It’s worth to note that the cut on hiring will not affect Apple’s new Campus in Austin, Texas, or the expansion of the California campus. The report also states that Apple has been actively hiring new staff for the past decade, but the growth in the number of employees has slowed down in recent years. The company added a total of 9,000 employees in the last fiscal year along, to a total of 132,000 employees.

Image Via Yahoo Finance

Jing Moreno
Author: Jing Moreno

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