Apple CEO John Ternus plans to make company leaner
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Apple CEO John Ternus plans to make the company leaner by cutting management layers and speeding up product launches.
- ✓He wants the tech giant to run faster and become more experimental.
- ✓Recently, Apple dismissed several engineering program managers to reduce the distance between senior executives and the teams building new products.
Story at a Glance
- Category
- BUSINESS
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The company's new CEO plans to cut management layers and push for faster product launches as he seeks to reshape the company.
By CNBCTV18.com
(Photo Credit : REUTERS )
Apple's new chief executive officer (CEO), John Ternus, plans to overhaul the company by launching more products faster and cutting layers of management, as he tries to make the tech giant "run faster and leaner."
Ternus wants Apple to become "more experimental" and to release products throughout the year, rather than stick to its usual spring-and-fall schedule according to a Bloomberg report.
The report mentions that Ternus wants to create a leaner company that focused more on engineering, which meant cost-cutting and restructuring.
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