Apple delaying employee bonuses in some corporate divisions, limiting hiring in cost-cutting efforts: Report
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Apple is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, according to Bloomberg. Apple has joined its Silicon Valley peers as it tries to streamline operations during uncertain times. The company has also limited hiring for more jobs amid layoffs across the globe. Although the plan has not been announced yet, Apple's decision is likely to reduce the frequency of bonuses for a portion of the company's corporate workforce.