Apple is reportedly slowing hiring and spending amid broader tech layoffs

Apple is reportedly planning to slow hiring and spending for some of its teams as tech companies brace for a potential economic recession rise.

The tech giant plans to give some internal teams budgets lower than expected for 2023 while limiting the number of hires

Facebook parent company Meta and Amazon have pulled back on office expansions in New York, Bloomberg reports.

Several tech companies have already taken steps bracing for a possible recession prior to Apple's reported moves.

Netflix confirmed to USA TODAY it laid off a combined 450 employees dating back to May.

The tech sector's aggressive hiring the past few years played a part in this wave of layoffs

Bloomberg reports Apple is also planning to launch a mixed reality headset.

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