Apple is putting the brakes on hiring for certain groups because of slowing iPhone sales (AAPL)

AP

• Apple 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. 

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from Business Insider https://read.bi/2U2QuMS