Apple Inc (NASDAQ:AAPL) is delaying bonuses for some corporate divisions and adopting additional cost-cutting measures in a bid to streamline its operations as market conditions for the tech sector remain challenging, according to a Bloomberg report citing sources with knowledge of the matter. The frequency of bonuses for a portion of Apple's corporate workforce will be reduced from twice a year to annually, with payments occurring only in October, the sources told Bloomberg.
Apple delays bonuses, limits hiring in latest cost-cutting move