Report: Apple plans hiring reductions on lower iPhone sales

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.

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