Apple to Slow Hiring and Spending for Some Teams Next Year

$Apple (AAPL.US)$ plans to slow hiring and spending growth next year in some divisions to cope with a potential economic downturn, according to people with knowledge of the matter.
The decision stems from a move to be more careful during uncertain times, though it isn’t a companywide policy, said the people, who asked not to be identified because the deliberations are private. The changes won’t affect all teams, and Apple is still planning an aggressive product launch schedule in 2023 that includes a mixed-reality headset, its first major new category since 2015.
$Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ , $Amazon (AMZN.US)$ , $Meta Platforms (META.US)$ , $Snap Inc (SNAP.US)$ and other tech companies have taken their own steps in recent weeks to rein in budgets and decelerate hiring. $Microsoft (MSFT.US)$ , $Tesla (TSLA.US)$ and Meta have gone as far as to cut jobs -- something Apple hasn’t historically done.