Apple Makes Rare Move of Laying People Off
Apple Inc. has laid off around 100 employees from its digital services group, marking its fourth round of layoffs in 2024, as it shifts focus to streaming, gaming, and artificial intelligence.
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Apple Inc. has made a rare decision to lay off approximately 100 employees from its digital services group, primarily affecting teams associated with Apple Books and Apple News. This move is part of a broader shift in priorities within the company, which has historically avoided layoffs. The cuts come as Apple seeks to streamline operations and focus on more profitable areas such as streaming services and gaming. Despite having a robust financial position, Apple appears to be preparing for potential economic downturns by reducing costs and reallocating resources. The layoffs are notable as they mark the fourth round of job cuts this year, a significant increase compared to the company's previous history of minimal layoffs. Employees affected by the cuts will receive 60 days' notice to find new positions within the company, although it is anticipated that many may not secure new roles. The decision reflects a strategic pivot towards investing in artificial intelligence and other growth opportunities, as Apple aims to innovate and remain competitive in a rapidly evolving tech landscape.
- Apple has laid off about 100 employees from its digital services group.
- This marks the fourth round of layoffs for Apple in 2024, a significant increase from its historical practices.
- The layoffs are part of a strategic shift towards more profitable areas like streaming and gaming.
- Employees have 60 days to find new positions within the company, but many may not succeed.
- Apple is focusing on cost-cutting and reallocating resources to invest in artificial intelligence and innovation.
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