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Wire · operational-macro

New Apple CEO John Ternus is reportedly planning layoffs as costs rise

29 September 2026 · By · Wire by Fusion42

Published

29 September 2026

Topic

operational-macro

◆ Sectors

Consumer

◆ Geography

United States

◆ Source

Read at sg.finance.yahoo.com →

◆ Verified

Fusion42 · 29 September 2026 · Fusion42 review

Apple's new CEO John Ternus is planning layoffs and project cancellations due to rising memory chip costs and declining services revenue, as the company faces a shortage and price surge in memory components critical for its devices.

This Wire brief sits within Fusion42's coverage of Consumer, and 2 sources have reported it between 29 Sep 2026 and 30 Sep 2026.

◆ ◆ The Wire takeaway

Apple's tightening cost structure under John Ternus signals a tougher market for device makers reliant on high-end memory. If you build tech hardware or supply memory chips, prepare for continued cost pressure and potential shifts in your customer priorities.

◆ Coverage

2 sources · first reported 29 Sep 2026 · latest 30 Sep 2026

◆ Related on Wire

◆ Topics

Consumerapplelayoffsmemory-chip-shortagecost-pressureceo-change