Apple said to delay bonuses for some staff, freeze hiring over cost scrutiny
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Apple (NASDAQ:AAPL) is reportedly delaying bonuses for some of its divisions and may freeze hiring in certain parts of the company in an effort to streamline costs.
The shift would reduce the rate at which bonuses are paid out for some of Apple's (AAPL) workforce, Bloomberg reported, citing people with knowledge of the situation. The news outlet added that Apple (AAPL) has paid out bonuses or promotions on an annual or bi-annual basis, with the twice-per-year bonuses being paid in April and October.

The new plan would see the April bonuses skipped and subsequently paid in October.
Cupertino, California-based Apple (AAPL) did not immediately respond to a request for comment from Seeking Alpha.
Apple (AAPL) shares saw fractional gains in mid-day trading on Tuesday.
Separately on Tuesday, investment firm Evercore said Apple's (AAPL) premium valuation is "justified" and could expand compared to the other big tech companies.