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Which key executive will leave Apple's services division by the end of 2024?
2
Resolution / Starting Odds
Eddy Cue • 25%
Peter Stern • 25%
Adrian Perica • 25%
Other • 25%
Official announcements from Apple Inc., reputable news sources like Bloomberg, Reuters, or CNBC
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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Similar markets
Yes • 50%
No • 50%
Expansion into new service categories • 25%
Major restructuring within existing services • 25%
Increased focus on existing services • 25%
Partnership with another major tech company • 25%
Yes • 50%
No • 50%
New Executive Appointment • 25%
Department Merger • 25%
Cost-Cutting Measures • 25%
Other • 25%
Remains in current role • 25%
Promoted to higher role • 25%
Leaves Apple • 25%
Other • 25%
Apple Music • 25%
Apple TV+ • 25%
Apple Arcade • 25%
Apple Fitness+ • 25%
Internal Promotion • 25%
External Hire • 25%
Deirdre O'Brien • 25%
Other • 25%