Apple Pauses Hiring for Roles Outside Research and Development in Cost-Cutting Move

Apple has paused hiring for many jobs outside of research and development, an escalation of an existing plan to reduce budgets heading into next year, Bloomberg News reported this week, citing people with knowledge of the matter. From a report: The company took the step last month, ahead of a quarterly earnings report where it said that growth would slow in the holiday period. The pause generally doesn't apply to teams working on future devices and long-term initiatives, but it affects some corporate functions and standard hardware and software engineering roles, said the people, who asked not to be identified because the move isn't public.

Apple joins other tech giants in tapping the brakes on hiring, a response to sluggish consumer spending and higher interest rates. The iPhone maker has fared better than many tech peers this year, but it's still facing an industrywide slowdown for smartphones and computers.

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