Apple plans some hiring reductions after selling fewer iPhones - Bloomberg

(Reuters) - Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.

Reuters January 17, 2019 05:05:08 IST
Apple plans some hiring reductions after selling fewer iPhones - Bloomberg

Apple plans some hiring reductions after selling fewer iPhones  Bloomberg

(Reuters) - Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.

According to the report, Chief Executive Officer Tim Cook made the disclosure to employees earlier this month in a meeting the day after he penned a letter to investors about the company's recent struggles, particularly in China and said some divisions would reduce hiring.

Apple did not immediately respond to a Reuters request for comment.

(Reporting by Sonam Rai in Bengaluru; Editing by Maju Samuel)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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