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  Technology   In Other news  17 Jan 2019  Apple to reduce hiring

Apple to reduce hiring

REUTERS
Published : Jan 17, 2019, 10:02 am IST
Updated : Jan 17, 2019, 10:02 am IST

Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales.

Chief Executive Officer Tim Cook made the disclosure to employees earlier this month in a meeting the day after he penned a letter to investors about the company’s recent struggles, particularly in China and said some divisions would reduce hiring.
 Chief Executive Officer Tim Cook made the disclosure to employees earlier this month in a meeting the day after he penned a letter to investors about the company’s recent struggles, particularly in China and said some divisions would reduce hiring.

Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.

According to the report, Chief Executive Officer Tim Cook made the disclosure to employees earlier this month in a meeting the day after he penned a letter to investors about the company’s recent struggles, particularly in China and said some divisions would reduce hiring.

Apple did not immediately respond to a Reuters request for comment.

Tags: apple, hiring, tim cook