Apple is delaying bonuses for certain corporate units and expanding cost reduction efforts, joining Silicon Valley peers in attempting to streamline operations, Bloomberg’s Mark Gurman reports, citing people with knowledge of the situation. The move will cut the frequency of bonuses for a portion of the tech giant’s corporate workforce, the author says. Separately, Apple is freezing hiring for more positions and leaving additional positions open, the author notes. See Insiders’ Hot Stocks on TipRanks >>
Read More on AAPL:
