Apple plans to slow hiring and spending next year in some divisions due to potential economic downturn, according to Bloomberg‘s Mark Gurman. The report claims the decision is not a companywide policy and will not affect all teams within Apple.


Apple is still planning an “aggressive” schedule of product launches in 2023, including a widely rumored AR/VR headset, according to Gurman. The report does not provide further details about exact reductions to hiring or spending that are planned, with readers directed to the Bloomberg Terminal for additional information.

Apple’s alleged plans to slow hiring and spending in 2023 comes amid especially uncertain times, with the COVID-19 pandemic, Russo-Ukrainian War, and high inflation concerns about lower consumer spending and a recession.

Apple shares were trading nearly 2% lower following the report.

A few months ago, Apple reported its best March quarter ever, with $97.3 billion in revenue and $25 billion in profit. Apple is set to report its earnings results for the June quarter on July 28 at approximately 1:30 pm Pacific Time.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Related Stories

Apple to Announce Q3 2022 Earnings on July 28

Apple today announced that it will report its earnings results for the third fiscal quarter (second calendar quarter) of 2022 on Thursday, July 28. The earnings report and subsequent call will provide insight into product performance in the period between March and June. Apple in April introduced the Mac Studio, Studio Display, iPad Air, and iPhone SE 3, and in June, followed it up with the…

Apple Hiring Fewer ‘Genius’ Employees at Some Retail Locations

Apple has slowed down on filling technical support or “Genius” roles at some of its retail stores, according to a report from Bloomberg. Employees at some locations have been informed that Genius positions will not be filled after the departures of people who previously filled those roles. Bloomberg cites reports from several retail workers, who have suggested that Apple’s lack of hiring…

Another Report Says Apple’s AR/VR Headset Delayed Until Next Year, Preview at WWDC Unlikely

Apple has been forced to delay the launch of its long-rumored AR/VR headset until next year due to thermal issues related to computing power with the processor, according to a new report from The New York Times, citing sources familiar with the matter. Apple headset render created by Ian Zelbo based on The Information reporting From the report: Apple hired an engineer from Dolby…

Apple Expected to Announce Record-Breaking March Quarter

Apple is set to report financial results for the second quarter of the 2022 fiscal year later today, and Wall Street is expecting record-breaking figures. On average, analysts forecast that Apple will set a new March quarter record for the company with revenue of $93.9 billion, according to Yahoo Finance. This revenue growth is expected to come from the iPhone, Mac, Services, and Wearables,…

Apple to Announce Q2 2022 Earnings on April 28

Apple today announced that it will report its earnings results for the second fiscal quarter (first calendar quarter) of 2022 on Thursday, April 28. The earnings report and subsequent call will provide us with insight into the period between late December and March, which is Typically a slow quarter for Apple following the holiday quarter. Apple in March came out with the 5G iPhone SE, the…

Foxconn Abruptly Halts Hiring at iPhone Factory Amid New Lockdown and iPhone 14 Delay Concerns

Roughly 24 hours after saying it would ramp up hiring and incentives for new employees, Foxconn, Apple’s main iPhone supplier, said today it would abruptly stop hiring new workers for its plant in Zhengzhou, China, after new COVID-19 lockdowns and restrictions were imposed on the city of nearly 11 million residents. Just yesterday, Foxconn was signaling it wanted to hire more workers to meet …

Apple Car Team Loses Yet Another Key Employee as Turnover Continues

Apple has long been rumored to be planning an electric vehicle, but the team working on the project has reportedly faced many struggles over the years, including development challenges and the loss of some key employees. One of the latest departures is CJ Moore, who has left Apple to join an autonomous vehicle technology company Luminar. In a press release shared by Bloomberg, Luminar said…

Popular Stories

Hands-On With the M2 MacBook Air: All Your Questions Answered

Happy MacBook Air launch day! Today is the official debut date of the new M2 MacBook Air, which features the first major redesign to the MacBook Air in a decade. We picked up one of the new M2 MacBook Air machines and decided to do a hands-on video where we answer questions from MacRumors readers. Subscribe to the MacRumors YouTube channel for more videos. The M2 MacBook Air no longer has a…

Top Stories: iOS 16 Public Beta, M2 MacBook Air Launch, and More

If you’ve been waiting since last month for a chance to try out iOS 16 and all of Apple’s other upcoming operating system updates without needing a developer account, now’s your chance, as Apple has launched public betas for all of the updates. This week also saw the launch of the redesigned M2 MacBook Air, the official end to the working relationship between Apple and Jony Ive, and a couple …

iOS 16 Hidden Features You Might Not Know About

Set to come out this fall, iOS 16 is the next-generation version of iOS, and it is laden with tons of major changes, such as an all new customizable Lock Screen. There are also a number of smaller, lesser known features, and in our latest YouTube video, we highlight some neat additions that you might not know about. Subscribe to the MacRumors YouTube channel for more videos. Pinned…

Base Model MacBook Air With M2 Chip Has Slower SSD Speeds in Benchmarks

The first embargoed reviews of the new MacBook Air with the M2 chip have now been published. One notable detail confirmed by The Verge is that the $1,199 base model equipped with 256GB of storage has a single NAND chip, which will lead to slower SSD speeds in benchmark testing, but real-world performance may vary. Last month, it was discovered that the 256GB model of the 13-inch MacBook Pro…

Google’s ChromeOS Flex Now Available to Turn Old Macs into Chromebooks

Google has officially released ChromeOS Flex, a method of replacing the operating system on older PCs and Macs that essentially turns them into Chromebooks. The idea is that if you have an aging Mac lying around that can’t run macOS 12 Monterey, then you can install ChromeOS Flex on it using a bootable USB stick and then try out what Google’s cloud-first operating system has to offer.. ..