Technology
Apple cuts about 100 digital services jobs, Bloomberg News reports
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(Reuters) -Apple Inc 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.
(Reuters) -Apple Inc 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 has been reorganizing teams amid shifting priorities, including to 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.
(Reporting by Kanjyik Ghosh; Editing by Savio D’Souza and Nivedita Bhattacharjee)
Digital services refer to online services provided by companies, including applications, platforms, and tools that facilitate various tasks and functions, such as e-commerce, communication, and information sharing.
Artificial intelligence (AI) is the simulation of human intelligence processes by machines, especially computer systems. It includes learning, reasoning, and self-correction, enabling machines to perform tasks that typically require human intelligence.
A layoff is the termination of employees from their jobs, usually due to economic conditions, restructuring, or company downsizing. It can be temporary or permanent and is often a cost-cutting measure.
A full-time equivalent (FTE) employee is a way to measure a worker's involvement in a project, calculated by dividing the total number of hours worked by the number of hours considered full-time.
A services division is a segment of a company that focuses on providing services rather than products. It typically includes customer support, maintenance, and other service-oriented functions.
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