- Some Apple employees hoping for a bonus in April will have to wait until October, according to a new report from Bloomberg.
- According to the report, Apple is also paying more attention to the travel budget and leaving some positions open.
- Apple hasn’t laid off employees, but it has dramatically slowed the pace of hiring in several divisions outside of engineering.
Apple is delaying bonuses for some of its employees, according to a new report in bloomberg,
According to the report, some teams were on schedule with bonus payments twice a year, in April and October, but will now receive the full amount in the fall. As per the report, Apple is also paying more attention to the travel budget and leaving some vacancies open.
The shift is the latest example of Apple cutting costs and closely watching corporate spending, as competitors Google, meta And Amazon Undergoing layoffs during tough times for the tech industry.
Apple hasn’t laid off employees, but it has dramatically slowed the pace of hiring in several divisions outside of engineering.
“Well, we invest for the long term, and we run the company for the long term. And so if you look at what we’re doing, we’re also recognizing the environment that we’re in is difficult. And so we’re cutting costs. We’re cutting back on hiring. We are very judicious and thoughtful in the people we hire. And so many areas of the company are not hiring,” Cook told CNBC in February.
“Other people are hiring that are primarily engineering related. And so we’re being prudent and deliberate. If you look at our opex guidance last quarter, or what we said we were going to do this quarter, Going in, we came in at a half billion dollars under that. And so we’re reducing the cost,” he continued.
Last month, Apple announced December quarter earnings that were down nearly 5% from 2021, its first year-over-year revenue decline since 2019.
An Apple representative declined to comment.
Credit: www.cnbc.com /