John Ternus

Apple's chief executive John Ternus is reportedly preparing layoffs as the cost of memory chips climbs. The report, picked up by Yahoo Finance, ties potential job cuts to rising component prices squeezing margins. The company has not commented, and details on how many roles could be affected remain unknown.

Apple executive John Ternus is reported to be reducing the company's layers of management as part of an effort to accelerate the pace of product development. The move would streamline decision-making across hardware teams. Details about the scale of the cuts or which divisions are affected were not provided, and Apple has not been confirmed as commenting on the report.

John Ternus, reported to be Apple's new chief executive, is drawing up plans for layoffs, according to a Yahoo Finance report. The job cuts are said to be driven by rising memory chip costs, which are squeezing margins across the tech industry. If confirmed, the move would signal an early cost discipline push under Apple's reported new leadership.