Apple is a giant company and that means there are a lot of spots to fill, but it sounds like the company may be reigning in any extra new hires.
According to a report from Bloomberg on Wednesday, Apple may be cutting back on new hires due to disappointing holiday iPhone sales. Apparently CEO Tim Cook shared the news with the company at an all-hands on deck meeting earlier in January. Cook was asked if Apple would be rolling out an outright hiring freeze, but apparently that’s not as far as the company is going right now. Moving forward, though, specific divisions within the company will be cutting back on new hires.
“Tim Cook, Apple’s chief executive officer, made the disclosure to employees earlier this month in a meeting the day after he penned a letter to investors about the company’s recent struggles, particularly in China. During the meeting, Cook was asked if the company would impose a hiring freeze in response. He said he didn’t believe that was the solution. Instead, Cook said some divisions would reduce hiring, according to the people, who asked not to be identified discussing private matters.”
As one might expect, as Apple has grown so has its hiring, as shown in the graph below. Apple reportedly hired 9,000 new workers over the last fiscal year, and the year before that it brought on 7,000 new hires. At the time of publication Apple hasn’t commented on the story.
Apple held this particular meeting not soon after it publicly announced that it was preparing for a weaker-than-projected fiscal first quarter. The company will be announcing its most recent quarterly earnings at the end of this month, but the company will not be revealing any specific sales numbers for its product lineups.
[via Bloomberg]
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