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Apple CEO Tim Cook orders hiring slowdown after surprisingly bad holiday sales

bizjournals Thursday, 17 January 2019
Apple Inc. CEO Tim Cook ordered a hiring slowdown in certain areas, after the company missed its own holiday sales estimates by at least $5 billion, Bloomberg reports, citing unnamed sources. Cook reportedly made the announcement at an all-hands company meeting earlier this month, one day after telling investors the company had missed its own holiday sales targets. Apple did not immediately comment on the report. It’s still unclear which divisions will see slower hiring activity. Cook reportedly…
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News video: Apple's Top Manufacturer, Foxconn, Is Reportedly Cutting 50,000 Seasonal Jobs Earlier Than Usual Amid Slowing iPhone Demand

Apple's Top Manufacturer, Foxconn, Is Reportedly Cutting 50,000 Seasonal Jobs Earlier Than Usual Amid Slowing iPhone Demand 00:51

Tens of thousands of seasonal workers in the iPhone supply chain are reportedly being let go ahead of schedule amidst Apple's production cuts due to a slowdown in sales. Since the start of the holiday quarter beginning in October, around 50,000 temporary employees have been cut at the Chinese factory...

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