Apple plans to slow hiring, spending in 2023: report

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Other tech companies being more cautious about hiring include Google, Meta Platforms, Spotify and Uber.

As of Sept. 25, 2021, Apple had approximately 154,000 full-time equivalent employees, according to its latest annual report.

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, U.S., December 5, 2016. Apple in April reported a record revenue of $97.3 billion in its fiscal second quarter, up 9% year over year, and quarterly earnings per diluted share of $1.52. Apple executives declined to provide revenue guidance, but told analysts on the company's second-quarter earnings call that they expect supply chain constraints to impact June quarter revenue by $4 billion to $8 billion. They also cited foreign exchange movement and the pause of its sales in Russia as potential headwinds to its year-over-year growth rate.

The tech giant's move comes as competitor Google said it will slow hiring for the remainder of 2022.

 

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