Apple freezes hiring outside of research and development

Posted:
in General Discussion edited November 2022
Apple has allegedly paused hiring across all departments except for R&D in an attempt to reduce its budget.

Apple Park
Apple Park


Apple is looking for ways to cut spending as it heads into what it anticipates as a slow holiday period.

According to Bloomberg, the move does not apply to teams working on future devices and long-term initiatives but will affect corporate functions and standard hardware and software roles.

In a statement, Apple says that it continues hiring but is "taking a deliberate approach in some parts of the business." Nevertheless, it remains confident in Apple's future.

Despite the freeze, some teams can still hire in special circumstances, according to those familiar with the situation.

The company also continues to advertise new roles on its recruiting website.

Apple earned $90.15 billion in revenue for the fourth fiscal quarter of 2022. Annual revenue of $394.3 billion up 8% year-on-year, and with annual earnings per diluted share of $6.11, up 9%.

Read on AppleInsider

Comments

  • Reply 1 of 19
    MadbumMadbum Posts: 438member
    How about closing non performing Apple stores? Way too many useless money pits.  

    My guess the Towson store will be one of the worst in east coast 
    edited November 2022 watto_cobra
  • Reply 2 of 19
    genovellegenovelle Posts: 1,436member
    Didn’t someone say that last quarter. 
    watto_cobra
  • Reply 3 of 19
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    darkvaderwatto_cobra
  • Reply 4 of 19
    JFC_PAJFC_PA Posts: 864member
    “Allegedly”
    FileMakerFellerdanoxwatto_cobra
  • Reply 5 of 19
    MadbumMadbum Posts: 438member
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    Nah, stores might have been necessary 10 years ago, not anymore. Cash should be used for R and D and acquisitions and stock buy backs ,

    Close the non performing stores   immediately ,  can save a ton of cost there just closing 1/3 of them 
    watto_cobra
  • Reply 6 of 19
    Madbum said:
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    Nah, stores might have been necessary 10 years ago, not anymore. Cash should be used for R and D and acquisitions and stock buy backs ,

    Close the non performing stores   immediately ,  can save a ton of cost there just closing 1/3 of them 

    Stores are likely to still be useful and necessary as service centres and for genius bar etc to support the ever increasing user base of products.

    danoxdarkvaderwatto_cobra
  • Reply 7 of 19
    fairlop said:
    Madbum said:
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    Nah, stores might have been necessary 10 years ago, not anymore. Cash should be used for R and D and acquisitions and stock buy backs ,

    Close the non performing stores   immediately ,  can save a ton of cost there just closing 1/3 of them 

    Stores are likely to still be useful and necessary as service centres and for genius bar etc to support the ever increasing user base of products.


    Well if we get right to repair whose service centres and genius bars will largely be useless, won't they?   So many people wanted "to fix it ourselves" well perhaps making that your only option if the store doesn't perform sell in sales (Apple hardware repair is such a small percentage of their work it isn't even funny) will finally show those squeaky wheels 'be careful what you wish for; you may get it'.
    edited November 2022 watto_cobra
  • Reply 8 of 19
    Madbum said:
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    Nah, stores might have been necessary 10 years ago, not anymore. Cash should be used for R and D and acquisitions and stock buy backs ,

    Close the non performing stores   immediately ,  can save a ton of cost there just closing 1/3 of them 
    We have no idea if any store isn't profitable. And the value of the store isn't just selling devices. Support from those stores is hugely important as a value add for customers. I mean, if the company wasn't earning billions in profit monthly, maybe. But I have a feeling not a single apple store loses money.
    danoxwatto_cobraradarthekat
  • Reply 9 of 19
    danoxdanox Posts: 1,564member
    Madbum said:
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    Nah, stores might have been necessary 10 years ago, not anymore. Cash should be used for R and D and acquisitions and stock buy backs ,

    Close the non performing stores   immediately ,  can save a ton of cost there just closing 1/3 of them 
    We have no idea if any store isn't profitable. And the value of the store isn't just selling devices. Support from those stores is hugely important as a value add for customers. I mean, if the company wasn't earning billions in profit monthly, maybe. But I have a feeling not a single apple store loses money.

    The rabble want Apple to decommission themselves and be like all the others see the EU, or the UK.
    watto_cobraradarthekat
  • Reply 10 of 19
    maximara said:
    fairlop said:
    Madbum said:
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    Nah, stores might have been necessary 10 years ago, not anymore. Cash should be used for R and D and acquisitions and stock buy backs ,

    Close the non performing stores   immediately ,  can save a ton of cost there just closing 1/3 of them 

    Stores are likely to still be useful and necessary as service centres and for genius bar etc to support the ever increasing user base of products.


    Well if we get right to repair whose service centres and genius bars will largely be useless, won't they?   So many people wanted "to fix it ourselves" well perhaps making that your only option if the store doesn't perform sell in sales (Apple hardware repair is such a small percentage of their work it isn't even funny) will finally show those squeaky wheels 'be careful what you wish for; you may get it'.
    Does the genius bar offer, other than hardware repair, any services you can’t get elsewhere? When I have had software issues in the past the best help I got was from people on the Apple user discussion forum.
    darkvaderwatto_cobra
  • Reply 11 of 19
    Tuesday follows Monday. Cook said they’d do this snd now they did it. 

    Apple is better off trimming some fat. 
    watto_cobra
  • Reply 12 of 19
    eightzeroeightzero Posts: 2,774member
    not gonna hire anyone to work on getting out of china? leave all the eggs there in that basket?
    elijahgwatto_cobra
  • Reply 13 of 19
    This makes more sense then previous reporting. I’ve seen Apple post lots of R&D jobs recently. 
    watto_cobra
  • Reply 14 of 19
    Madbum said

    Nah, stores might have been necessary 10 years ago, not anymore. Cash should be used for R and D and acquisitions and stock buy backs ,


    The stores are a huge advantage to Apple.  Most of them are the top grossing store per square foot in their location.  Apple saves paying other stores margin by selling direct to customer, the stores.  Also, with their stores Apple owns the customer - ie. there is no chance that the customer walks into an Apple store and finds a product from Microsoft, Samsung etc. that better suits their needs which may happen at a retailer carrying multiple product lines.
    watto_cobraradarthekat
  • Reply 15 of 19
    maximara said:

    Well if we get right to repair whose service centres and genius bars will largely be useless, won't they?   So many people wanted "to fix it ourselves" well perhaps making that your only option if the store doesn't perform sell in sales (Apple hardware repair is such a small percentage of their work it isn't even funny) will finally show those squeaky wheels 'be careful what you wish for; you may get it'.

    That would be absolutely AMAZING!  When right to repair is finally guaranteed by law, Apple stores can cease to exist!  It'll be amazing for small business!
  • Reply 16 of 19
    XedXed Posts: 1,601member
    Madbum said:
    How about closing non performing Apple stores? Way too many useless money pits.  

    My guess the Towson store will be one of the worst in east coast 
    Do you actually know of any Apple Stores aren't turning a profit for the company?
    edited November 2022 watto_cobraradarthekat
  • Reply 17 of 19
    XedXed Posts: 1,601member
    maximara said:

    Well if we get right to repair whose service centres and genius bars will largely be useless, won't they?
    You have and have had the right to repair, but how many Apple Watches have you repaired? Have you even tried to replace the display on an iPad without bending the case? How many people do you know that can't even put new batteries in a smoke detector? Are you saying they'll not only be comfortable with, but have the ability and desire to repair an iPhone or Mac? If you actually think that no one will ever need to get their devices repaired because they can do it themselves then you're as daft as your post.
    edited November 2022 muthuk_vanalingamwatto_cobraradarthekat
  • Reply 18 of 19
    XedXed Posts: 1,601member
    dmskalnm said:
    Apple has tons of cash. This is what's it's for: to extend your lead when the market is in a downturn. Judicious is fine (does that mean that Apple wasn't judicious previously?) but tying a hand behind your back when you're making record revenue doesn't make sense.
    If true, it sounds like they're being very judicious. As the article states, they're investing in their longterm success with R&D but aren't hiring for positions that they expect to be oversaturated with as it is for the holiday season. Are you really suggesting they hire even more people when the word is this season will be much lighter than usual? That seems about as judicious as possible without getting into the horrible, ethical minefield of laying off employees to boost a stock price.
    watto_cobraradarthekat
  • Reply 19 of 19
    XedXed Posts: 1,601member
    eightzero said:
    not gonna hire anyone to work on getting out of china? leave all the eggs there in that basket?
    That's a very complex egg that will take research and development many years to sort out.
    muthuk_vanalingamwatto_cobra
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