By Denny Jacob

 

--Apple Inc. plans to slow hiring and spending growth next year in some divisions to deal with a potential economic downtown, Bloomberg reported, citing people familiar with each matter.

--The tech giant's decision stems from a move to be more careful during uncertain times, though it isn't a company wide policy, the report said.

--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, Bloomberg reported.

--Representatives for Apple didn't immediately respond to a request for comment from Dow Jones Newswires.

Full story at https://www.bloomberg.com/news/articles/2022-07-18/apple-to-slow-hiring-and-spending-for-some-teams-next-year?sref=b0us4KbN

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

July 18, 2022 15:51 ET (19:51 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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