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Market
How will Apple's stock price change by the end of 2024 following the strategic realignment in its services division?
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Resolution / Starting Odds
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Stock market data from financial platforms like Yahoo Finance, Bloomberg, or Reuters
Story
Apple Cuts 100 Jobs in Services Division, Impacting Books and News
Aug 28, 2024, 08:30 AM
Apple Inc. has taken the rare step of cutting approximately 100 jobs in its services division, part of Eddy Cue's growing division. This move is part of a shift in priorities for the company, which is focusing less on certain areas within its services group. The layoffs primarily affect teams responsible for the Apple Books app and Apple News, indicating a strategic realignment within the division. These job cuts are notable as layoffs are uncommon at Apple, highlighting a significant shift in the company's approach to its services business. Affected employees have been given 60 days to find new roles within Apple.
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