While many tech giants have announced massive layoffs due to the state of the economy, Apple’s hiring strategy is to be “very deliberate”, in an attempt to also protect the company’s stock prices.…
Apple CEO Tim Cook said the world’s most valuable company will pump the brakes on hiring — as other tech titans slash away — ahead of an anticipated recession.
Cook admitted the economic climate has forced him to freeze new hires in some departments during an interview with “CBS Mornings” on Monday. “What we’re doing as a consequence of being in this period is we’re being very deliberate on our hiring,” Cook said from Apple’s headquarters in Menlo Park, Calif. “That means we’re continuing to hire, but not everywhere in the company are we hiring.”
Last month, the iPhone maker instituted a hiring freeze for many positions outside of research and development, according to“We believe strongly in investing for the long-term. And we don’t believe you can save your way to prosperity. We think you invest your way to it,” Cook told “CBS Mornings.” Apple CEO Tim Cook said that the company has slowed down its hiring, especially in some departments amidst growing recession fears.
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