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Apple further cuts costs: expanding the hiring freeze, delaying employee bonuses, tightening budget review, and restricting travel

2025-03-26 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

Thanks to the CTOnews.com netizen Mr. Air, Brother Black fly's left hand clue delivery! CTOnews.com, March 15 (Xinhua)-- Apple has launched a new round of cost-cutting measures, freezing recruitment of many jobs and delaying bonuses for some employees, according to the latest report from Bloomberg.

Apple has slowed hiring since July last year, suspending hiring for most jobs except research and development. This time, Apple has once again expanded the scope of the hiring freeze, no longer recruiting new members for teams that develop future devices and advance long-term Apple's development plans.

In addition to expanding the hiring freeze, Apple also plans to reduce bonuses for some employees. Apple offers bonuses and promotion opportunities once or twice a year according to the department, which are usually paid in April and October each year. CTOnews.com learned from Bloomberg that Apple has planned to reduce its bonus to once a year. Employees will still receive a full bonus, but it will be postponed until October of each year.

Tim Cook, Apple CEO, will also be paid less this year, with a salary, bonus and stock award of $49 million, down about 50 per cent from $99 million in 2022.

Bloomberg reported that Apple has also tightened its budget review system, requiring middle and senior executives to check office attendance and restrict travel.

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