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Apple plans to slow hiring, spending in some teams in 2023

Apple is planning on slowing spending and hiring growth across some teams in 2023 to prepare itself for a potential economic downturn that year.

The decision is apparently a result of a new move to be more cautious during uncertain times, Bloomberg reported Monday. However, the decision is not a companywide policy, sources familiar with the matter said.

According to those sources, the change won't affect all teams. Apple is also still charging ahead with an "aggressive product launch schedule" that could include a mixed-reality headset.

The report comes a little over a week after the company is slated to report its third quarter financial results. Many analysts are optimistic about Apple meeting or outpacing Wall Street expectations in the June quarter.

Although Apple did not provide revenue guidance for the June quarter, it did warn of a potential $4 billion to $8 billion revenue hit because of Covid lockdowns and supply constraints.

Watch the Latest from AppleInsider TV

Despite the economic uncertainty and warnings of a potential downturn, Apple's flagship devices are expected to do better than ever in 2022 and 2023.



11 Comments

jas99 12 Years · 174 comments

Yawn. 

But everyone can panic now. 
Go ahead, everyone is constantly scared Apple will go out of business. 

1 Like · 0 Dislikes
Madbum 3 Years · 536 comments

Good

start with the union stores

lets play

itinj24 6 Years · 51 comments

Guess Siri is never getting fixed. Along with the other annoying bugs that have been around for a while. 

ranson 16 Years · 91 comments

No, it comes a week _before_ Apple is slated to announce Q3 earnings.

3 Likes · 0 Dislikes
jas99 12 Years · 174 comments

ranson said:
No, it comes a week _before_ Apple is slated to announce Q3 earnings.

I was thinking the same thing.
Is Apple leaking this stuff so the share repurchases are swallowing up more shares?
There will be excellent results and the financial media will find one tiny sliver of something to pick apart and declare Apple on the verge of bankruptcy, so everyone should sell their stock.

1 Like · 0 Dislikes