Apple to slow hiring, spending for some teams next year: Bloomberg News

Apple Inc 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.

The potential move would see Apple – the world’s most valuable company – join a growing pool of American corporations including Meta Platforms and Tesla Inc in slowing hiring.

Apple shares reversed course to trade down 1.6% at $147.6. The company did not immediately respond to a Reuters request for comment.