Apple CEO Tim Cook walks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022.
Peter Dasilva | Reuters
According to Bloomberg, Apple fired about 100 contract-based recruiters in the past week in an effort to slow down hiring and spending.
The recruiters, who are responsible for hiring new employees at the company, were told the layoffs reflect changes in Apple’s business needs, the report said.
While the move is unusual for the California-based tech giant, Apple isn’t the only company delaying hiring. Microsoft, Amazon, Meta, Tesla and Oracle have slowed hiring or slashed in some departments in recent months as they grapple with inflation and tighten their belts in anticipation of a potential economic downturn.
“We see inflation in our cost structure,” CEO Tim Cook told CNBC’s Steve Kovach last month. “We see it in things like logistics and wages and certain silicone components. And we’re still hiring, but we’re doing it consciously.”
Apple declined to comment on the layoffs.
Not all of the company’s contractors have been laid off, and Apple is still keeping its full-time recruiters on board, according to the report. The fired contractors will receive benefits and pay for another two weeks, Bloomberg said.
Read more from Bloomberg.