Apple (AAPL) is set to cut 100 jobs in its fourth round of layoffs for the company this year, specifically in its Apple News and Apple Book segments...
) is set to cut 100 jobs in its fourth round of layoffs for the company this year, specifically in its Apple News and Apple Book segments, according to Apple is laying off 100 jobs across its digital service group that is according to reporting originally from Bloomberg.
Now, obviously, it's important to note that these layoffs are coming from very specific parts of the company.So it's, it's not also that big of a layoff, it's 100 job cuts, but it is interesting given the shift we have seen from Apple into the services side of the business that has been the primary driver of their earnings growth quarter after quarter, we have seen this story.
Um it is important to note as well that this comes after, as you were mentioning the cuts that we had seen earlier in the year of a little more than 600 jobs.We had heard from tech companies about where they over hired and where they, I needed to re strategize or Reprioritize given some of where the market demand is actually moving and reallocating some of those internal resources here.
Uh And we'll see how that actually gives us a little bit more inclination or a line of sight into how Apple is really prioritizing what its output needs to look like at this near point in time.Uh You, you've got a person that's been there for years and Kevin who's gonna be taking over uh as the CFO now.
Apple Madison Mills Apple News Brad Smith
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