Apple is freezing most hiring amid recession fears, insiders say

  • Apple has frozen hiring in the tech giant’s corporate divisions, three sources told Insider.
  • One source said they had been told by colleagues that the break could last until September 2023.
  • The company said it would be “deliberate” about hiring, but did not acknowledge a hiring freeze in some departments.

Apple has been touting its “deliberate” investment and hiring decisions since the summer, including in its latest quarterly earnings call last week. But three sources familiar with the talks at the company told Insider that it has halted almost all hiring.

Staff at the divisions, the sources said, have been told the company will not hire new employees for several months, possibly until the end of the company’s fiscal year, which is September 2023.

The hiring slump is affecting full-time employees at the company, one of the three people said, with divisions such as retail still likely to add sales staff at Apple locations ahead of the holiday gift rush.

This person, who has direct knowledge of internal conversations at the tech giant, said Apple has set “no budget” for additional staffing positions at the company next year. The person characterized the company as having a hiring “freeze.”

The second source with knowledge of multiple high-level conversations at Apple agreed that there is a hiring freeze. The third source – a person who has pursued a senior position at the company – said they were told by a senior department head that “budgets are under review”. Other Apple executives echoed similar messages in private conversations, the third source added.

All three sources who spoke to Insider asked not to be identified, discussing the tech giant’s hiring plans to protect their relationship with the company.

For several months, Apple has signaled plans to cut staff. Bloomberg reported in August that the company had laid off about 100 contract workers in an effort to slow the pace of “hiring and spending,” citing “people with knowledge of the matter.”

Officially, Apple has said that it is taking a cautious approach to hiring new employees.

Tim Cook, Apple’s CEO, addressed Apple’s position earlier this year during a quarterly earnings call for shareholders. “We believe in investing during the downturn. So, we’re going to continue to hire people and invest in areas, but we’re being more intentional about it, recognizing the realities of the environment,” Cook said, according to a transcript by Sentieo.

In a statement to Insider on Tuesday, an Apple spokesperson echoed Cook’s points. “We continue to hire, but given the economic environment, we are taking a very deliberate approach in some parts of the business,” the spokesperson said. “We are very confident in Apple’s future and are investing for the long term. We want to be thoughtful and make smart decisions that allow us to continue to fuel innovation for the long term.”

Hundreds of open positions are currently listed on Apple’s career portal, and in recent months the company has continued to invest and hire in content units like sports. Insider recently reported that since late August, Apple has posted several dozen open content, strategy and production roles related to Apple TV+’s foray into live sports programming. As part of that push, Apple has also invested billions in deals with Major League Baseball and Major League Soccer, according to media reports.

All three sources who spoke to Insider suggested that Apple would continue to be cautious about how it characterizes hiatuses or delays in hiring, as admitting such moves could cause the company’s stock price to fall further. the company. Apple, like other tech companies, has taken a beating this year, with its shares down more than 17% since the start of the year.

Big tech giants like Meta (owned by Facebook), DoorDash and Uber told workers earlier this year that they would halt or slow hiring for the foreseeable future.

Do you work at Apple and have information about the company’s plans for 2023? Contact these reporters. Reid Alexander can be found at [email protected], or SMS/the encrypted Signal app at (561) 247-5758. Claire Atkinson can be found at [email protected]or via the encrypted ProtonMail service to an address [email protected].

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