January 16, 2019 / 10:12 PM / 3 months ago

Apple plans some hiring reductions after selling fewer iPhones- Bbg

Jan 16 (Reuters) - Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.

According to the report bloom.bg/2Hq4KxI, Chief Executive Officer Tim Cook made the disclosure to employees earlier this month in a meeting the day after he penned a letter to investors about the company's recent struggles, particularly in China and said some divisions would reduce hiring.

Apple did not immediately respond to a Reuters request for comment. (Reporting by Sonam Rai in Bengaluru; Editing by Maju Samuel)

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