Apple is the latest major technology company to rein in hiring and spending plans, adding to the evidence that even Silicon Valley stalwarts are worried about a recession in the coming months.reported
The news sent stocks sliding and increased trepidation surrounding tech earnings season, which goes into full swing this week. It may be difficult for companies to reassure jittery investors. International Business MachinesFor now, most of the biggest tech companies aren’t talking about eliminating jobs, just reducing the rate of hiring. And overall US job growth hasn’t stalled. Payrolls increased 372,000 in June, beating the 265,000 estimate, with manufacturing jobs helping bolster the numbers.
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