Apple CEO Tim Cook orders hiring slowdown after surprisingly bad holiday sales
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…
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...
According to Business Insider, A US Senator has written to Apple and Google's CEOs to demand that they "immediately remove" a Saudi government app from their app stores which allows men to monitor and..
Hasbro and Mattel results might not look similar, but brought together they offer a key insight into the toy trade for investors. That key factor is an idea of just how much each company is levered to..
Apple CEO Tim Cook has promised his company will "take a look" at Absher, a Saudi government app with a feature letting men control the travel of their wives and... AppleInsider Also reported by •MacRumours.com •Business Insider
NEW YORK (AP) — New figures showing that last month's holiday sales were far worse than previously expected helped drive stocks lower on Wall Street early... SeattlePI.com Also reported by •Seattle Times
WASHINGTON (AP) — U.S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last year's holiday sales... SeattlePI.com Also reported by •Newsday