The economic downturn is having an increasing impact on the IT industry. Recently it became known that Meta is cutting plans to hire engineers by 30% and hints at possible layoffs. According to informed sources, Apple is preparing for the same measures. She plans next year to slow down hiring and spending growth in some divisions.
This decision is connected with the desire to conduct more cautious financial and economic activities in uncertain times. However, this is not the policy of the entire company. Not all teams will be affected by the changes, and Apple is still planning an aggressive new device release schedule in 2023 that includes a mixed reality headset, the first major new category since 2015.
It is noted that Apple annually allocates a certain amount of money to each major division to fund research and development, purchase resources and hire staff. For 2023, the company will provide some teams with a more modest budget than expected. For some groups, the company will not increase headcount in 2023, although it may hire 5-10% more staff this year. Apple also intends not to fill the positions of departing employees in some groups.
Bloomberg: Apple Presents Mixed Reality Headset Prototype to Board of Directors
Source: bloomberg
