Apple Inc. plans to slow down the hiring of new employees and reduce cost increases in some units in 2023, preparing for a possible recession, Bloomberg reports citing people familiar with the matter.

In particular, some departments, which used to increase their staff by 5-10% annually, will not expand next year, and in a number of teams new employees will not be hired to replace those who left.

According to sources, such a measure will not affect all teams and will not affect the announced new products, including the release of a virtual reality helmet expected in 2023.

In 2022, Apple is expected to introduce four new smartphone models, three smartwatch models, as well as new laptops, computers and a set-top box.

Since the beginning of 2022, Apple’s capitalization has decreased by 17%, to $2.43 billion.