Apple, the world’s richest tech company, soon will slow down new recruitments for the year 2023, Bloomberg reported.
Apple has joined other tech giants like Microsoft, Meta, and Google to work with limited staff owing to tough global macroeconomic conditions.
Changes in hiring will not affect every department’s functioning, but some verticals will see a decline in recruitment activities in 2023, and Apple is likely not to fill some vacant positions too, according to Bloomberg.
Apple is expected to release its much-anticipated iPhone 14 series this year and augmented reality (AR)-mixed reality (MR) headset in January next year, as the buzz around the metaverse, gains steam.
Last week, Satya Nadella-run Microsoft became the first tech giant to lay off employees due to the ongoing economic slump.
This synchronous workforce reduction has reportedly affected nearly 1 per cent of its 1,80,000- employees across Microsoft’s various departments
Microsoft has also slowed hiring in the Windows, Teams, and Office groups.
Google CEO Sundar Pichai has informed staff about a hiring slowdown this year while Meta (formerly Facebook) has warned employees of “serious times” and has issued a hiring freeze for certain roles.
Recently Twitter has cut 30% of its recruitment and Tesla has been laying off hundreds of employees.
Due to the economic slump, major tech players also have slowed hiring, this includes Nvidia, Snap, Uber, Spottily, Intel, and Salesforce.
Even the Cloud major Oracle recently considered laying off thousands of staff to save up to $1 billion in cost-cutting measures, the media reported.
(with inputs from IANS)