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Apple Reportedly Cutting Back on Hiring After Disappointing iPhone Sales This Holiday Season

Apple Reportedly Cutting Back on Hiring After Disappointing iPhone Sales This Holiday Season

5 years ago
Anonymous $Dftgs0JzgE

https://wccftech.com/apple-cut-back-hiring-slow-iphone-sales/

If Apple had any plans on hiring potential employees for several divisions, those ambitions have been kept on hold for the moment. Thanks to the latest report, the technology giant is reportedly cutting back on hiring people for several product divisions thanks to the slow iPhone holiday season. As most of you know, Tim Cook recently announced Apple’s earnings guidance reduction up to 7 percent for the company’s first fiscal quarter of 2019. With revenue estimates of $84 billion, down from $89-93 billion, Apple has been forced to take a backseat momentarily.

Tim Cook, according to Bloomberg, made the disclosure to its employees earlier this month. While the company will not witness a hiring freeze, Cook stated that some divisions would see reduced hiring. Specific divisions were not mentioned, and the people who were privy to this information have been asked to keep their identities anonymous.

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