Apple (NASDAQ: AAPL) has eliminated about 100 jobs in its digital services group, with the biggest cuts affecting the team responsible for its Apple Books app and Apple Bookstore, Bloomberg News reported on Tuesday.
The layoffs include some engineering roles and other services teams like the one that runs Apple News, the report said, citing people familiar with the matter.
Apple declined to comment on the Bloomberg News report.
It was not immediately clear how many employees Apple had in its services division. The company had approximately 161,000 full-time equivalent employees as of Sept.30, 2023, according to its latest annual report.
Apple (NASDAQ: AAPL) has been reorganizing teams amid shifting priorities, including artificial intelligence.
It has previously suspended work on its next high-end Vision headset and shuttered a project to design and develop its own smartwatch displays earlier this year, according to media reports.
Apple has been facing headwinds in China, its third-largest market, since last year, where sales declined 6.5% last quarter.
(Source: Reuters)
Mark Glenn is a financial journalist and breaking news reporter for ABBO News. Mark is known for his ability to deliver real-time news updates on market developments, mergers and acquisitions, corporate earnings reports, and regulatory changes, helping investors stay informed and make sound financial decisions.
