Apple seems to have confirmed what we already knew: times are tough, and while the company will continue to invest in product development, it will be freezing investment in some of its departments, according to Bloomberg.
Showdown for the slow down
We don’t know which parts of Apple’s business will be affected. Bloomberg simply says the company will no longer increase headcount in some departments next year. Amazon, Google, Microsoft, and other tech firms are also slowing recruitment in response to unyielding economic headwinds.