Apple prepares layoffs and budget cuts under new CEO

New Apple CEO John Ternus is reportedly planning small-scale layoffs in large teams and cancelling projects to cut costs and focus on fewer products. According to Bloomberg, some divisions won't get expected 2027 budget and headcount increases, though a plan to cut around 5,000 AppleCare staff was scrapped.

• Ternus plans layoffs in large teams and project cancellations
• Plan to cut around 5,000 AppleCare staff was scrapped
• Divisions won't get expected 2027 budget and headcount growth
• Apple recently laid off some Apple Vision Pro staff