This chapter delves into Apple's recent layoffs, particularly within its services division, and the strategic shift towards areas like streaming and AI. It examines the implications of reduced investment in lower-revenue sectors such as Apple Books and Apple News, while addressing concerns about innovation due to a smaller R&D budget compared to competitors. The discussion also covers recent leadership transitions at Apple, focusing on succession planning and the company's aim to maintain stability amid ongoing changes.
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Bloomberg News Senior Technology Correspondent Mark Gurman reports on Apple cutting about 100 jobs in its digital services group, part of a shift in priorities for the critical division. Bloomberg News US Sports Business Reporter Randall Williams discusses the NFL ushering in a new era by allowing private equity ownership. Julie Hansen, US CEO of Babbel, talks about language learning boosting employability. And we Drive to the Close with Jeff McClean, Managing Partner at Solidarity Capital.
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