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Apple has laid off about 100 employees who worked on products like the Apple Books app and Apple News. Bloomberg reported Tuesday night..
Apple notified affected employees on Tuesday. The company has not yet made the changes public. The layoffs affected positions within its Digital Services group, including some engineering roles, but the largest cuts were in the teams that work on the Apple Books app and the Apple Bookstore.
Bloomberg reported that Apple has given some of the affected employees 60 days to find alternative employment within the company before they are fired.
According to Apple’s latest earnings reportAccording to the company’s third-quarter 2024 financial results released earlier this month, the services division generated more than $24 billion in net sales for the quarter ended June 29. It was Apple’s second-best performing division in terms of net sales, behind only iPhones, which made more than $39 billion.
Related: Why Morgan Stanley analyst names Apple a top pick and doubles down on iPhone expectations
According to the earnings report, the services division generated more revenue than the Mac (more than $7 billion), iPad (more than $7.1 billion), and Wearables, Home and Accessories (more than $8 billion) divisions combined.
Apple Store. (Photo by Bob Henry/UCG/Universal Images Group via Getty Images)
Apple’s layoffs are relatively rare. Apple CEO Tim Cook Announced in February 2023 He viewed firing as “kind of a last resort.”
“Never say never,” Cook said at the time. “We want to manage costs in other ways wherever possible.”
Related: Apple is expanding the capabilities of the iPhone. Here’s what’s changing soon.
Apple cut staff More than 600 employees The company canceled its 10-year electric vehicle project in April. Making smartwatch screens in-house In February and March, some of the 2,000 people working on the self-driving electric car project were transferred to Apple’s AI division.
Apple 161,000 full-time employees As of 2023.
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