Apple to Cut Hiring and Costs for Some Divisions in 2023

Bloomberg's Mark Gurman has reported that Apple plans to reduce the pace of hiring and spending in some divisions due to a possible economic downturn next year.

According to Gurman, Apple is still planning an "aggressive" product launch schedule in 2023, including a widely-used AR/VR headset, which will be the first new major device since 2015.

The coronavirus epidemic, events in global markets and high inflation have raised fears of lower consumer spending and recession. All of this has influenced Apple's decision to cut hiring and spending in 2023.

A few months ago, Apple reported its best quarter ever, with revenues of $97.3 billion and profits of $25 billion.