Apple slips after reportedly laying off 100 recruiters amid economic slowdown
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Apple (NASDAQ:AAPL) shares slipped on Tuesday after Bloomberg reported that the company had laid off about 100 contract-based recruiters responsible for finding new applicants, a rare move for the tech giant.
The layoffs were reportedly spread across the globe, including in California, Texas and Singapore. They were told that Apple's (AAPL) approach to spending and hiring had changed.

The workers will receive pay and benefits for an additional two weeks.
Apple (AAPL) shares fell fractionally to $172.98 in premarket trading.
On Apple's (AAPL) most recent earnings call, Chief Executive Tim Cook acknowledged the economic slowdown and said the company would be more conscious in how it spends its dollars."We believe in investing through the downturn," Cook said. "And so we'll continue to hire people and invest in areas, but we are being more deliberate in doing so in recognition of the realities of the environment."
As Apple (AAPL) searches for new ways to generate revenue, it is "likely" to include advertising in apps such as Apple Maps, Apple TV+, Apple Books and more, according to recent media reports.