Apple Pauses Hiring in Escalation of Cost Cuts | 04 November 2022 | Daily Morning Note

Let the Money Talk · Nov 4, 2022 · 6m

Apple has paused hiring for many jobs outside of research and development. The company took the step last month, ahead of a quarterly earnings report where it said that growth would slow in the holiday period. Apple joins other tech giants in tapping the brakes on hiring, a response to sluggish consumer spending and higher interest rates.

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