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Apple plans some hiring reductions after selling fewer iPhones

Apple plans some hiring reductions after selling fewer iPhones

Apple plans some hiring reductions after selling fewer iPhones
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By Reuters Jan 17, 2019 6:46:44 AM IST (Published)

According to the report, Chief Executive Officer Tim Cook 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 and said some divisions would reduce hiring.

Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.

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According to the report, Chief Executive Officer Tim Cook 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 and said some divisions would reduce hiring.
Apple did not immediately respond to a Reuters request for comment.
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