Apple is continuing to feel more ramifications from the economic slowdown in China that the iPhone maker has previously blamed for the downward revision in its holiday quarter guidance. The company, as we and other outlets have reported, has also been cutting iPhone prices for retailers in China, but now comes word that Apple also plans to slow down the pace of its hiring in some parts of the company.
Apple CEO Tim Cook acknowledged the company’s issues while meeting with employees the day after writing the bombshell letter he addressed to investors that disclosed the recent struggles related to China. During that internal meeting, according to a Bloomberg report, someone asked Cook if the company might implement a hiring freeze. Cook countered that some divisions within the company would see a hiring slowdown instead, rather than a complete freeze.
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Apple plans to pull back on hiring as a result of slower iPhone sales originally appeared on BGR.com on Wed, 16 Jan 2019 at 17:42:46 EDT. Please see our terms for use of feeds.
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