Apple will slow its hiring and spending growth as the tech giant readies itself for a potential global economic meltdown

It means the company will fall in-line with corporations including Meta and Tesla Inc in slowing employment.

Bloomberg is reporting the changes will not impact all teams and Apple is still pushing ahead with its aggressive product launch scheduled for 2023.

It’s expected this launch will include a mixed-reality headset, Apple’s first major new category since 2015.

Experts say the company’s decision to scale back is a sign of the times and a reflection that inflation is even impacting the biggest players in the game.

At the close, Apple shares were down 1.6%