Joins roster of tech giants embarking on cuts or recruitment freezes
Apple is joining other tech big-hitters that have frozen hiring across parts of their organization in response to a cooling global economy.according to BloombergAlthough Apple has not announced cuts externally and seems to merely be tapping the brakes, the news provoked alarm among investors who instigated a stock slide in the run-up to tech company earnings season. The company told us it was not commenting on the policy shift.
Steve Jobs' brainchild follows a string of tech glitterati who are openly treating changing market conditions with caution.had laid off more than a thousand staff, classifying this as a sort of summer clean-up following the closure of the latest financial year. The cull, which was less than 1 percent of the 180,000-strong global workforce, was a"structural adjustment," the company said.
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