The tech industry’s balance sheet moment: Layoffs and hiring freezes

Tim Cook confirms that Apple is slowing down its hiring.

In an interview with CBS Mornings, Apple CEO Tim Cook confirms that the company is now very “deliberate” in its hiring and only onboards new staff in certain departments.

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In July, Bloomberg reported that Apple plans to slow down hiring in 2023 and it’s not quite a freeze that could be set early on, while other big tech companies like Amazon, Google, Meta and Microsoft suffer their own hiring freezes and layoffs.

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