Apple plans to slow hiring and spending growth next year in some divisions to cope with a looming recession, Mark Gurman reports Monday for Bloomberg News citing “people with knowledge of the matter.”
Mark Gurman for Bloomberg News:
The decision stems from a move to be more careful during uncertain times, though it isn’t a companywide policy, said the people, who asked not to be identified because the deliberations are private. The changes won’t affect all teams, and Apple is still planning an aggressive product launch schedule in 2023 that includes a mixed-reality headset, its first major new category since 2015.
Still, the more cautious tone is notable for Apple, a company that has generally beat Wall Street predictions during the Covid-19 pandemic and has weathered past economic turmoil better than many peers.
Apple shares fell as much as 2% to $147.20 after Bloomberg reported on the slowdown.
Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Snap Inc. and other tech companies have taken their own steps in recent weeks to rein in budgets and decelerate hiring. Microsoft Corp., Tesla Inc. and Meta have gone as far as to cut jobs — something Apple hasn’t historically done.
Apple, based in Cupertino, California, allocates a certain amount of money to each major division annually for spending on research and development, resources and hiring. For 2023, it’s giving select teams a lower-than-expected budget.
MacDailyNews Take: This is a non-story carefully written to cast Apple in a bad light. FUD.
“How many “select teams?” Forty? Twenty? Or two?
Which “select teams?” (Likely those teams that are already at least 2X overstaffed after years of runaway growth and hiring.)
As stated in the report this “isn’t a companywide policy.”
We’ve had one of these before, when the dot-com bubble burst. What I told our company was that we were just going to invest our way through the downturn, that we weren’t going to lay off people, that we’d taken a tremendous amount of effort to get them into Apple in the first place — the last thing we were going to do is lay them off. And we were going to keep funding. In fact we were going to up our R&D budget so that we would be ahead of our competitors when the downturn was over. And that’s exactly what we did. And it worked. And that’s exactly what we’ll do this time. — Steve Jobs, February 2008
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Elections stolen via the stuffing of unconstitutionally installed, Zuckerberg-bought drop boxes lacking a chain of custody have consequences – especially when an establishment puppet who needs to be drugged just to be semi-coherent is installed.
Here’s the thing. The people who voted for Biden were really voting against Trump. They prefer higher taxes, rampant inflation, begging terrorist states for oil, handing over a trillion dollars to Iran, a sickeningly botched withdrawal from Afghanistan, food shortages, baby formula shortages, a President with cognitive issues, a President with a demonstrably racist past, a President with a son who is a national security issue, … they don’t care if this guy rapes babies on the White House lawn as long as their Trump Derangement Syndrome is soothed.
The 2016 election (that Hillary still has not conceded BTW) scared the hell out of the left. Trump is a big red pill filled with objective reality and they cannot allow that.
This is who these people are:
Biden-loving fscks are true traitors. Should be deported Cuba. Or shot. A civil war is coming to the US where dem dumb Dems will be wiped out once and for all. A free society cannot exist with demofscks undermining it at every turn with socialist fsckwittery.
We have to destroy the Democrims to save them.
They should all be interned in re-education camps since it didn’t work the first time
Get your head out of your ass, you fucking moron.
2024 can’t get here quick enough. Joe probably won’t make it that long. Sad, for America. It’s embarrassing
There’s no way in hell 81 million legal American voters elected a dementia patient who was and remains clearly in the pocket of the Chinese Communist Party.
Biden was installed. Like a toilet. Using the scamdemic as cover to set up conduits (drop boxes) to get fake votes into the system, where they would then be untraceable.
Well yeah, there is. There is definitely a way that many people could have been coerced into voting for Dumbo the Racist.
Please see the Time Magazine Report:
The Secret History of the Shadow Campaign That Saved the 2020 Election
https://time.com/5936036/secret-2020-election-campaign/
84% of Apple employees’ political contributions went to Democrats in 2020.
Wallow in your self-inflicted malaise, brain-dead Apple employees. Perhaps it’ll wake you up.
Wake up and leave your cult Retrumplicans!
Wake up and leave your cult Democlueless!…
Hey liburds, everything you said would happen under Trump IS happening under dementia Joe, due your stupidity. Thanks libturds!!!!!!!!!!!!!!!
Voting for Biden because you don’t like Trump is like eating shit because you don’t like broccoli.
How’s that shit taste now, libturds?????
What about a failing economy, crashing stock market, highest inflation in 40 years, a lying racist, corrupt dementia patient and whore in the Whitehouse makes you think that you are the smart one?
The US is NOT a democracy, you stupid fuckturd!!!!
You are just a libturd. Nobody gives a flying fuck about your attempt at insults
Joe, even by libturd standards, you are an incredibly stupid fuck.
FUD FUD FUD
fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.
Is Mark Gurman and FUD-dy DUD-dy, and an overpaid one at that?
After watching Biden’s meltdowns it’s really true how sick the left is to seek out their own President and country by installing joe.
If Steve were around, he’d fire 75% and apple would be MORE productive by losing all the bozos.
Glasshollow: I’m pretty sure you meant “sell out their own Pies & country” — right?