Apple layoffs have shocked the market as the company has no proven record of removing its workers in the past. In late August 2024, around 100 employees have lost their jobs. It is reported that the major section that has been affected by this decision is the Apple Books app and its related store.
Apple has reportedly discontinued some of its projects in the earlier part of January 2024. However, there were no layoffs. But now, this announcement has stormed the Internet and people are wondering what it means for the Tech Industry.
Reason Behind Apple Layoffs
Apple fired its 100 employees on August 28, 2024. According to TechCrunch, Apple Layoffs primarily came from the Apple Books app section. The company launched it in 2010 with the hope that it could beat the Amazon Kindle. However, the project failed to achieve the proposed outcomes.
Although Apple has continued investing in its Books store for more than 12 years, there were no solid improvements in the results. Therefore, the company has decided to remove the team which is working on it.
Moreover, this layoff decision can be a statement that Apple is now no more investing in the Books section. Ultimately, it can make improvements in its other services and products.
How Apple Layoffs Can Impact the Tech Industry?
2024 can be counted among the both, best and worst years for the Tech industry. The advantages are in the form of improvements in the functionalities of AI and machine learning alongside the launching of new products.
On the other hand, the excessive use of technology and automation has caused companies to lay off their task force. Consequently, it caused more than 100k employees, working in different companies, to lose their jobs.
Till August, there was no such news received from Apple. However, this recent announcement will surely have impacts on tech industries. There are chances of more layouts to be occurred in the coming days of 2024 as every organization is looking forward to expand its profit-expenditure gap.
A Short Overview of Employee Layoffs in 2024
| Month | Number of Laid-off Employees |
| January | 34,107 |
| February | 15,639 |
| March | 7,403 |
| April | 22,423 |
| May | 11,011 |
| June | 10,083 |
| July | 9,051 |
| August | 26,024 |