Musk’s bad feeling about the US economy has trickled down to Apple. The company will reduce the hiring of new employees and reduce the cost of salaries

By Bill Scheller

Posted on July 19, 2022

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Apple seems to feel the economic crisis coming in the same way Elon Musk does. Bloomberg reports that the Cupertino-based firm will reduce its hiring of new workers.

This will happen in 2023, not now. Bloomberg reports that Apple plans to lower its salary costs by 2023, and this will be true even next year. This decision will not affect all departments, however.

Remember, Apple ended last week the agreement regarding the provision of consulting services to Jonathan Ive, the former chief designer.

Musk’s bad feeling about the US economy has trickled down to Apple. The company will reduce the hiring of new employees and reduce the cost of salaries