Story perspectives

Apple CEO Cuts Management Layers, Plans Year-Round Releases

By Drooid · Sep 30, 2026, 12:37 AM UTC · How we work

Summary

Story summary

Apple CEO John Ternus is cutting middle-management layers and moving to year-round product releases.
He dismissed several hardware-engineering program managers within his first month.
Apple announced the $1,999 Duo iPhone, its first foldable smartphone, in September.
Shares fell about 2 percent after Bloomberg reported the restructuring, while analysts expect over 40 launches.

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Story summary

Apple CEO John Ternus is cutting middle-management layers and moving to year-round product releases.
He dismissed several hardware-engineering program managers within his first month.
Apple announced the $1,999 Duo iPhone, its first foldable smartphone, in September.
Shares fell about 2 percent after Bloomberg reported the restructuring, while analysts expect over 40 launches.