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Apple Pause, Lyft Layoffs Signal Tech Austerity

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  • Apple froze hiring last month ahead of its quarterly earnings announcement, although teams working on future goods and long-term projects were exempt.
  • Hardware, software, and corporate functions are most affected. The company stated it will keep employing, but slowly.
  • Apple still hires in certain cases. The corporate website still lists certain job vacancies.
  • Apple increased R&D spending by 20% in 2022 to develop new products, including its anticipated mixed reality headset.

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