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Apple Cut at Least 600 Workers When Projects Stopped

Apple laid off more than 600 employees in California as part of the decisions to end its car and smartwatch display projects, according to filings with the California Employment Development Department. Bloomberg’s Mark Gurman joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”

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Apple laid off more than 600 employees in California as part of the decisions to end its car and smartwatch display projects, according to filings with the California Employment Development Department. Bloomberg’s Mark Gurman joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”

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15 Comments

15 Comments

  1. @jarrodyuki7081

    April 5, 2024 at 2:11 pm

    ti te ni ne fi fe si se.

  2. @mrcpaddler

    April 5, 2024 at 4:42 pm

    Also, Apple is slowly reducing its retail workforce and employees related to its bricks & mortar operations. Rampant theft and increase will cause more layoffs. Insofar as retail repair & service (the Genius Bar at the Apple Store), all of that is by appointment now. Those services will be conducted in a secured manner so as to allow only those people with appointments into a new modified store. This prevents someone without an appointment from walking in and stealing laptops and phones. It’s a very smart move by Apple. And soon if you just want to buy a phone or computer, you’ll need to make an online appointment to shop. Actually it will be safer for everyone and no waiting line.

    Keep in mind, even delivery trucks with Apple computers and phones are getting hit enroute to stores.

    When making an online reservation, customers will need to provide specific information. Again, this will keep out undesirable people who will steal or create a hostile atmosphere and dangerous conditions for employees and customers. But again, all of this will have an effect on reducing the number of employees needed in retail operations.

  3. @davidanalyst671

    April 5, 2024 at 5:51 pm

    Apple blew through Tesla’s budget for the first 10 years in order to just decide that they don’t want ot make cars. I think someone actually needs to say this

  4. @krisertmer4519

    April 5, 2024 at 11:11 pm

    🍏
    MAKE A YOUTUBE SURVEY ASKING HOW MANY PEOPLE WOULD PURCHASE A NEW APPLE CAR !

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Bloomberg Technology

Apple Soars Post-Earnings and Jobs Data Disappoints | Bloomberg Technology

Bloomberg’s Ed Ludlow breaks down Apple’s earnings including an upbeat forecast and record buyback. Plus, tech jumps and market traders re-up rate cut bets as US jobs data disappoints to the downside, and Coinbase’s CFO breaks down the company’s first quarter earnings. ——– “Bloomberg Technology” is our daily news program focused exclusively on technology, innovation…

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Bloomberg’s Ed Ludlow breaks down Apple’s earnings including an upbeat forecast and record buyback. Plus, tech jumps and market traders re-up rate cut bets as US jobs data disappoints to the downside, and Coinbase’s CFO breaks down the company’s first quarter earnings.
——–
“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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The Global Outlook for the Gaming Sector

It has been a hard week for the video game industry, with AMD warning of a slowing demand for chips powering game consoles and computers, and video game publisher Take Two planning to shut down subsidiaries in London and Seattle amid mass layoffs. In more positive news: Twitch, Amazon’s livestreaming platform for gamers, is going…

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It has been a hard week for the video game industry, with AMD warning of a slowing demand for chips powering game consoles and computers, and video game publisher Take Two planning to shut down subsidiaries in London and Seattle amid mass layoffs. In more positive news: Twitch, Amazon’s livestreaming platform for gamers, is going to launch a competitor to TikTok. Konvoy Managing Partner Jason Chapman joins Ed Ludlow on “Bloomberg Technology.”
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Coinbase Slips as Beat Fails to Impress After Rally

Coinbase shares slipped after a first-quarter results beat, as Mizuho noted the crypto trading platform’s strong year-to-date rally, signs of a transaction revenue drop in the coming months and potential regulatory risks. Still, Coinbase CFO Alesia Haas says the company is focused on long-term trends. She joins Bloomberg’s Sonali Basak and Ed Ludlow on “Bloomberg…

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Coinbase shares slipped after a first-quarter results beat, as Mizuho noted the crypto trading platform’s strong year-to-date rally, signs of a transaction revenue drop in the coming months and potential regulatory risks. Still, Coinbase CFO Alesia Haas says the company is focused on long-term trends. She joins Bloomberg’s Sonali Basak and Ed Ludlow on “Bloomberg Technology.”
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