Apple to slow hiring to cope with potential economic downturn

Apple Inc (AAPL.O) plans to slow hiring and spending growth next year in some units to cope with a potential economic downturn, Bloomberg News reported on Monday, citing people with knowledge of the matter.

Report informs, citing Reuters, that the potential move would see Apple - the world's most valuable company - join a growing pool of American corporations including Meta Platforms (META.O) and Tesla Inc (TSLA.O) in slowing hiring.

The Bloomberg report said the changes would not affect all teams and that Apple was still planning an aggressive product launch schedule in 2023 that includes a mixed-reality headset, its first major new category since 2015.