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Apple May Slow Hiring, Says Bloomberg

Adam Smith

Following a post-holiday slump and failing to sell as many iPhones as forecast, Apple Inc. is cutting back on hiring in some areas of the company, according to a report by Bloomberg. Apple CEO Tim Cook "held a meeting with employees, there was a Q and A session, and he disclosed -- after asking if there would be a hiring freeze -- saying that there would be a reduction in new hires," reporter Mark Gurman told Bloomberg TV.