Apple reportedly delaying some employee bonuses as the company cuts costs

Apple is delaying bonuses for a few of its staff, in response to a brand new report in Bloomberg.

Some groups had been on a twice-a-year schedule with bonus payouts in April and October, in response to the report, however now they’re going to obtain the total quantity within the fall. Apple can also be extra intently watching journey budgets and leaving some unfilled positions open, in response to the report.

The shift is the most recent instance that Apple is chopping prices and watching company bills intently, as opponents equivalent to Google, Meta and Amazon undergo layoffs throughout a tough patch for the tech trade.

Apple hasn’t laid off staff, however it has dramatically slowed hiring in lots of divisions outdoors of engineering.

“Well, we invest for the long term, and we run the company for the long term. And so if you look at what we’re doing, we’re also recognizing the environment that we’re in is tough. And so we’re cutting costs. We’re cutting hiring. We are being very prudent and deliberate on people that we hire. And so a number of areas in the company are not hiring at all,” Cook advised CNBC in February.

“Others are hiring that are associated in engineering primarily. And so we’re being prudent and deliberate. If you look at our opex guidance last quarter, or what we said we were going to do this quarter, we came in a half a billion dollars underneath it. And so we are squeezing cost out,” he continued.

Last month, Apple introduced December quarter earnings which had been about 5% decrease than they had been in 2021, its first year-over-year income decline since 2019.

An Apple consultant declined to remark.