Apple in October paused hiring for most jobs other than research and development positions, says a Thursday report from Bloomberg. Like many companies these days, Apple is working to cut costs in the face of higher costs and reduced consumer spending as the world spirals into a recession. The new hiring restrictions build on a plan Apple put in place in July to slow spending on hiring.
The pause in hiring does not apply to teams working on research and development, but sources told Bloomberg that it will impact “corporate functions and standard hardware and software engineering roles.”
While Apple’s website still lists open jobs, the hiring process is actually on hold. Earlier this week, Insider reported that Apple has “paused almost all hiring.” Staff across multiple divisions have been told that Apple will not be onboarding new hires for several months.
Insider‘s sources said that Apple has not provided budgets for new hires and that budgets within the company are “under review” as Apple aims to cut costs.
Apple in a statement told Insider that it is continuing to hire, but because of the “current economic environment” it is “taking a very deliberate approach in some parts of the business.”
“We are very confident in Apple’s future and are investing for the long term. We want to be thoughtful and make smart decisions that enable us to continue fueling innovation for the long term,” said Apple.
