Rumor
Apple CEO John Ternus is reportedly planning layoffs and project cuts
Yahoo Finance reports that rising memory chip costs and a rare decline in services revenue are squeezing Apple’s finances as CEO John Ternus reportedly plans cuts.
TLDR
Yahoo Finance reports that Apple CEO John Ternus is reportedly planning layoffs and project cuts amid rising memory chip costs and a rare decline in services revenue. It says layoffs are common for incoming CEOs, but suggests these cuts appear driven as much by necessity as messaging.
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