10:18PM Wednesday 16 January
Apple plans to cut back on hiring for some divisions of the company after disappointing iPhone sales during the holiday season, reports Bloomberg. Apple CEO Tim Cook shared the news with employees at an all-hands meeting earlier this month. Read More »
217 Days Ago Following the recent downturn in iPhone sales, Apple plans to scale back on hiring across some of its divisions, according to Bloomberg‘s Mark Gurman. Citing anonymous sources, Gurman reports Tim Cook, Apple’s CEO, disclosed the plan during the company’s recent all-hands-on meeting, which Cook called after Apple issued a rare earnings guidance revision.
217 Days Ago Apple will slow down its hiring in some divisions after holiday iPhone sales came in lower than expected, according to a report from Bloomberg. That’s not quite as severe as a full-blown hiring freeze and far from layoffs.
217 Days Ago Apple is continuing to feel more ramifications from the economic slowdown in China that the iPhone maker has previously blamed for the downward revision in its holiday quarter guidance.
216 Days Ago Apple supplier Foxconn has let go around 50,000 contract workers at its iPhone factory in Zhengzhou, China, with the first cuts happening in October 2018. As one source with knowledge of Foxconn's plans told Nikkei, the scale of the cuts is not what stands out, but the fact that it's significantly earlier than previous years.
217 Days Ago Apple plans to reduce the number of new hires for certain divisions after the company missed revenue guidance for the December quarter on weak iPhone sales, according to a report issued on Wednesday.
219 Days Ago Apple replaced a total of 11 million iPhone batteries under the $29 battery replacement program that was introduced at the end of 2017 and ran through 2018 before ending on December 31, 2018.
220 Days Ago Suffering relatively little fallout from Apple's disappointing iPhone sales, Dialog Semiconductor said on Monday that it expects to hit the low end of revenue guidance for the December quarter.