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Report: Apple plans hiring reductions on lower iPhone sales

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Apple is cutting back on hiring for some divisions after selling less iPhones than expected during the holidays, people familiar with the matter told Bloomberg.

In a meeting with employees, CEO Tim Cook reportedly said the company hadn't determined which divisions would slow hiring. He said the company's artificial intelligence team would continue to add workers at a quick pace.

During its most recent fiscal year, Apple added 9,000 workers, bringing its total to 132,000.

Read more from Bloomberg.

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