In October, Apple stopped hiring for most job roles outside of the R&D department, reported Bloomberg.
Why? Apple aims to cut costs. They haven’t provided a budget for new hires, and the budget within the company is still “under review”.
Additionally, this move is included in their plans to slow hiring and spending next year in some divisions. It was due to a potential economic downturn.
Not everyone will be affected by this
Yet, the decision to pause from hiring isn’t a companywide policy. Thus, it’ll not affect all teams within Apple.
However, private sources said to Bloomberg that it would impact the corporate functions and standard hardware and software engineering roles.
In a statement, Apple stated they’ll continue to hire, but due to the “current economic environment” it is “taking a very deliberate approach in some parts of the business.”
Freeze hiring is a smart decision, said Apple
Apple believes that freeze hiring is much needed for a long-term investment.
They stated, “We are very confident in Apple’s future and are investing for the long term. We want to be thoughtful and make smart decisions that enable us to continue fueling innovation for the long term.”
Apple noticed a decline in their earnings during the earning calls for the fourth fiscal quarter of 2022. Particularly, Mac sales are expected to fall dramatically during the holiday quarter from last year. This happens because Apple doesn’t plan to release any Macs in the last quarter of 2022.