Apple’s new CEO is reportedly reshaping the company to move faster and cut management layers
Bloomberg reports Apple CEO John Ternus is pursuing a leaner, more engineering-focused company, with more frequent product launches, management cuts and new revenue pushes as services growth slows.
TLDR
Bloomberg reports that newly installed Apple CEO John Ternus has begun pushing a broad internal overhaul aimed at speeding up product development, expanding the company’s device lineup and making Apple leaner and more engineering-focused. The report says ideas under discussion include moving away from Apple’s traditional spring-and-fall launch rhythm, cutting some middle-management roles and introducing products more frequently throughout the year. Bloomberg also reports that Apple’s hardware engineering division has recently dismissed a number of engineering program managers, including about half a dozen directors, with some employees given weeks to find other roles before later layoffs. The broader push reportedly comes as Apple looks for new revenue streams and more ways to monetize existing products as services growth decelerates.
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