LONDON: Apple Inc. plans to slow hiring and spending growth next year in some units to cope with a potential economic downturn, Bloomberg News reported on Monday, citing people with knowledge of the matter.
The potential move would see Apple — the world’s most valuable company — join a growing pool of American corporations including Meta Platforms and Tesla Inc. in slowing hiring.
Apple shares reversed course to trade down 1.6 percent at $147.6. The company did not immediately respond to a Reuters request for comment.
The Bloomberg report said the changes would not affect all teams and that Apple was still planning an aggressive product launch schedule in 2023 that includes a mixed-reality headset, its first major new category since 2015.
“Apple’s move reflects a broader slowdown in investing in new things, new companies and new products,” said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. “It signifies that inflation is an issue for these companies.”
Fears have risen in recent months that aggressive interest rate hikes by the Federal Reserve to tame an unabating surge in inflation could tip the economy into a recession. The price pressures have also raised worries that customers could curb spending on discretionary items like smartphones.
Smartphone shipments declined 9 percent in the second quarter, according to data from Canalys. Still, Apple’s iPhones remain among the most sold phones in the world, with the company holding a 17 percent market share just behind market leader Samsung, the data showed.
Apple typically launches a new version of its iPhone and other wearable products in September ahead of the busy holiday season.
As of its last annual report, the Cupertino, California-based company had about 154,000 full-time equivalent employees.
Apple to slow hiring, spending for some teams next year
https://arab.news/6t272
Apple to slow hiring, spending for some teams next year
- Apple joins a growing pool of American corporations including Meta Platforms and Tesla Inc. in slowing hiring.
Saudi Media Forum urges ethical coverage as crises redefine Arab journalism
- Raw news without context can mislead audiences and distort credibility, experts say
RIYADH: Arab media was born in crisis and shaped by conflict rather than stability, Malik Al-Rougi, general manager of Thaqafeyah Channel, said during the Saudi Media Forum in Riyadh on Wednesday.
Al-Rougi was speaking during a panel titled “Media and Crises: The Battle for Awareness and the Challenges of Responsible Coverage,” which examined how news organizations across the region navigated credibility and professional standards amid fast-moving regional developments.
“Today, when you build a media organization and invest in it for many years, a single crisis can destroy it,” he said.
Referring to recent events, Al-Rougi said that he had witnessed news channels whose credibility “collapsed overnight.”
“In journalistic and political terms, this is not a process of news production. It is a process of propaganda production,” he said. “The damage caused by such a post … is enormous for an institution in which millions, perhaps billions, have been invested.”
When a media outlet shifts from professionalism and credibility toward “propaganda,” he added, it moves away from its core role.
“A crisis can work for you or against you,” Al-Rougi added. “When, in the heart of a crisis, you demonstrate high credibility and composure, you move light-years ahead. When you fail to adhere to ethical standards, you lose light-years as well.”
Abdullah Al-Assaf, professor of political media studies at Imam Muhammad bin Saud Islamic University, said that in many crises across the Arab world, agendas and directives had often prevailed over professionalism.
“Credibility was buried,” he added.
Hasan Al-Mustafa, writer and researcher at Al-Arabiya channel, said that raw information could be subject to multiple interpretations if not placed within a proper political, security, historical or geographical context.
He added that such an approach was urgently needed during periods of political and security volatility in the Middle East.
When, in the heart of a crisis, you demonstrate high credibility and composure, you move light-years ahead. When you fail to adhere to ethical standards, you lose light-years as well.
Malik Al-Rougi Thaqafeyah, Channel general manager
“This objectivity, or this reliability, is a great responsibility,” Al-Mustafa said. “It is reflected not only in its impact on the audience, but also on the credibility of the content creator.”
Al-Mustafa warned against populism and haste in coverage, saying that they risked deepening crises rather than providing informed public perspectives.
He also said that competition with social media influencers had pushed some traditional outlets to imitate influencer-driven models instead of strengthening their own professional standards.
“Our media has been crisis-driven for decades,” he said, describing much of the region’s coverage as reactive rather than proactive.
During a separate panel titled “The Official Voice in the Digital Age: Strategies of Influence,” speakers discussed how rapid technological and social changes were reshaping the role of institutional spokespersons.
Abdulrahman Alhusain, official spokesperson of the Saudi Ministry of Commerce, said that the role was no longer limited to delivering statements or reacting to events.
“Today, the spokesperson must be the director of the scene — the director of the media narrative,” he said.
Audiences, he added, no longer accept isolated pieces of information unless they were presented within a clear narrative and structure.
“In the past, a spokesperson was expected to deliver formal presentations. Today, what is required is dialogue. The role may once required defense, but now it must involve discussion, the exchange of views, and open, candid conversation aimed at development — regardless of how harsh the criticism may be.”
He said that spokespersons must also be guided by data, digital indicators and artificial intelligence to understand public opinion before speaking.
“You must choose the right timing, the right method and the right vocabulary. You must anticipate a crisis before it happens. That is your role.”
Abdullah Aloraij, general manager of media at the Riyadh Region Municipality, said that the most important skill for a spokesperson today was the ability to analyze and monitor public discourse.
“The challenge is not in transferring words, but in transferring understanding and impact in the right way,” he said.
