Bangalore The iPhone manufacturer Apple wants to reduce costs in certain areas next year, according to a media report. The U.S. company said it plans to slow hiring and spending growth in some business units in 2023 in light of a possible economic downturn.
This is reported by the Bloomberg agency on Monday, citing people familiar with the matter. The changes should therefore not affect all teams. Nevertheless, Apple is sticking to an ambitious roadmap for the introduction of new products for the coming year.
Apple initially declined to comment on the report. The stock turned negative in the US on Monday after the news was announced and was last down 1.6 percent.
Before Apple, other companies such as the Facebook parent company Meta, the electric car manufacturer Tesla and some US banks had already slowed down new hires in order to prepare for a possible economic downturn.