Following the steps of Microsoft, Meta, and Google, Apple also has reportedly become the next tech major company to slow down hiring for 2023 due to tough global macroeconomic conditions. Although, the hiring changes will not affect all the teams at Apple, however, some vertices will witness decreased hiring activities in the coming year, according to Bloomberg.
The company is most likely to not backfill some positions, the report said dated Monday. In the business section, Apple is likely to release its much-anticipated augmented reality (AR)-mixed reality (MR) headset in January next year, as the buzz around metaverse gains steam.
Satya Nadella-run Microsoft became the first tech giant to lay off employees as part of a 'realignment', the previous week. The layoffs at Microsoft reportedly affect nearly 1% of its 1,80,000-strong workforce across its offices and product divisions. Microsoft has also slowed hiring in the Windows, Teams and Office groups.
Google CEO Sundar Pichai has informed staff about a hiring slowdown this year while Meta (formerly Facebook) has warned employees of "serious times" and has issued a hiring freeze for certain roles.
Twitter has also cut 30% of its recruiting team while Elon Musk-run Tesla has been laying off hundreds of employees. Other tech companies that have slowed hiring include Nvidia, Snap, Uber, Spotify, Intel and Salesforce, among others. Cloud major Oracle recently considered laying off thousands of workers to save up to $1 billion in cost-cutting measures, the media reported.