Apple lays off staffers ahead of CEO change
Reported by Fortune · fortune.com · August 24, 2026
In today's edition: Apple layoffs, Amazon price hikes, geothermal energy, Hugging Face, TikTok $400M settlement, Nvidia and Perplexity, drones.
What the tape says
What to watch: Apple Inc. (AAPL, NVDA, AMZN) announced layoffs — cost cuts can support near-term margins but may flag deeper demand softness.
Market reaction today: $AAPL +0.32%, $NVDA -2.91%, $AMZN +1.33%
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