Apple Plans To Slow Hiring and Spending for Some Teams Next Year (bloomberg.com) 17
Apple plans to slow hiring and spending growth next year in some divisions to cope with a potential economic downturn, Bloomberg News reports, citing people with knowledge of the matter. From a report: The decision stems from a move to be more careful during uncertain times, though it isn't a companywide policy, said the people, who asked not to be identified because the deliberations are private. The changes won't affect all teams, and Apple is still planning an aggressive product launch schedule in 2023 that includes a mixed-reality headset, its first major new category since 2015.
"Potential" Economic Downturn (Score:2)
I thought Bloomberg's editors were supposed to be money savvy. What the hell universe are they living in? We've been in an economic downturn for a while now.
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However this might be a good thing. As companies are seemingly slowing down before a recession hits, making sure they have budgets and spending set at the right level to weather these recessions. The last few of them, just kinda hit us like a bomb shell, at least a lot of the companies are getting prepared now. Because slowing hiring and spending now, is better for the company and general moral, than hiring a bunch of folks and having a layoff the next quarter, because the company didn't prepare for the d
This has always been the endgame (Score:3)
That might work if we still had any competition to speak of, but after 40+ years of non stop mergers and lax anti-trust enforcement there's next to none of that.
There are other ways to tackle inflation. You need to increase productivity without costs going up. You can keep screwing over working Americans until they spend less, or you can make more goods and services to meet demand while increasing competition. Trouble is, businesses don't want to do that. Scarcity is a good thing when you own everything.
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That is assuming that you can get a properly skilled employee for each opening.
You don't want to hire a kid out of high school, to fill a job in designing AI in a senior position.
You don't want to hire a PHD in Computer Science to work in a low end retail job.
Unemployment is normally between 3%-5% during a good economy because there needs some room for a variety of skills and levels to fill positions.
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So you rather a death spiral induced by temporary high wages and reduced productivity? High wages will reduce productivity. Reduced production means less items available to purchase. Less items available to purchase means they will cost more, and fewer people will enjoy them. More expensive stuff = demand for even higher wages .. thereby restarting the cycle. You are literally advocating scarcity while being pissed off at it.
Come up with a plan that can increase production. Nobody will risk investing in any
What "economic downtown"? (Score:2)
Market cap: 2.38T USD
Really...? REALLY? Slow hiring? Each employee is literally pennies compared to the valuation of the company right now. They're the most valuable company in the world.
The only downturn is hiring a few extra people may hurt the feelings of a couple share holders, that's it. Boohoo..?
Teams (Score:2)
I was hoping the headline omitting "some" in it so teams doesn't get even worse with more microsoft style "upgrades"
it's already a bit of a steaming pile
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I was hoping the headline omitting "some" in it so teams doesn't get even worse with more microsoft style "upgrades"
it's already a bit of a steaming pile
Teams is a bit of a steaming pile? You are too kind by half.
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yeah you're right
it's a sad statement when mirc from 25+ years ago is better for just chatting...
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yeah you're right
it's a sad statement when mirc from 25+ years ago is better for just chatting...
Tin cans are better for chatting than Teams!