Apple (AAPL) has eliminated dozens of sales roles and management notified the affected workers over the past couple of weeks about the cuts, which extended across the sales organization, people familiar with the matter told Bloomberg’s Mark Gurman. A spokesperson for the company is quoted as having said: “To connect with even more customers, we are making some changes in our sales team that affect a small number of roles. We are continuing to hire and those employees can apply for new roles.” Shares of Apple are 1.7% higher in afternoon trading.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple eliminating dozens of sales roles in streamlining, Bloomberg reports
- Crypto Currents: Upbit plans IPO, Revolut hits $75B valuation
- Alphabet Stock (GOOGL) Nears $4 Trillion Market Capitalization
- Midday Fly By: Novo Alzheimer’s trial misses goal, Green Dot to be acquired
- Strategy Stock Keeps Bleeding but Saylor ‘Won’t Back Down’ as Its Bitcoin Bet Still Beats Big Tech