Apple reportedly delaying some employee bonuses as the company cuts costs

Apple is delaying bonuses for immoderate of its employees, according to a caller report successful Bloomberg.

Some teams were connected a twice-a-year docket with bonus payouts successful April and October, according to the report, but present they'll person the afloat magnitude successful the fall. Apple is besides much intimately watching question budgets and leaving immoderate unfilled positions open, according to the report.

The displacement is the latest illustration that Apple is cutting costs and watching firm expenses closely, arsenic competitors specified arsenic Google, Meta and Amazon spell done layoffs during a unsmooth spot for the tech industry.

Apple hasn't laid disconnected employees, but it has dramatically slowed hiring successful galore divisions extracurricular of engineering.

"Well, we put for the agelong term, and we tally the institution for the agelong term. And truthful if you look astatine what we're doing, we're besides recognizing the situation that we're successful is tough. And truthful we're cutting costs. We're cutting hiring. We are being precise prudent and deliberate connected radical that we hire. And truthful a fig of areas successful the institution are not hiring astatine all," Cook told CNBC successful February.

"Others are hiring that are associated successful engineering primarily. And truthful we're being prudent and deliberate. If you look astatine our opex guidance past quarter, oregon what we said we were going to bash this quarter, we came successful a fractional a cardinal dollars underneath it. And truthful we are squeezing outgo out," helium continued.

Last month, Apple announced December 4th net which were astir 5% little than they were successful 2021, its archetypal year-over-year gross diminution since 2019.

An Apple typical declined to comment.