Apple is putting the brakes on hiring for certain groups because of slowing iPhone sales AAPL
Get the Full StoryAPApple plans to reduce hiring in certain groups, according to a Bloomberg report.
CEO Tim Cook informed employees about the hiring changes during an internal meeting earlier this month, but said it was not decided which groups would be affected.
Cook stressed that Apple was not implementing a broad-based hiring freeze, and noted that some groups, like its artificial intelligence team, would not be affected.
Apple will cut back on hiring for certain divisions as the company re-adjusts its plans in the face of slowing iPhone sales, according to a Bloomberg report on Wednesday.
CEO Tim Cook told employees during a meeting earlier this month that Apple would reduce hiring for certain unspecified groups, but said the company would not impose a hiring freeze, Bloomberg reported citing anonymous sources. See the rest of the story at Business InsiderNOW WATCH: 7 science-backed ways to a happier and healthier 2019 that you can do the first week of the new yearSee Also:Apple's share price plunge points to a looming trade recession in ChinaApple is reportedly cutting iPhone production by 10 after one of the darkest weeks in its historyApple and Samsung put aside their war and signed a deal that will let people access iTunes on their smart TVsSEE ALSO: Everyone's favorite flip phone from the early 2000s is getting a 2019 makeover with a foldable display
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