Apple CEO John Ternus is planning a major organizational overhaul to accelerate product development and broaden the company's device range. The proposed changes aim to create a leaner, engineering-focused organization by eliminating middle management and cutting operational costs. Following the news of these structural shifts, Apple shares fell by approximately 2% as investors assessed the potential impact on product launch schedules. This strategic move, reported by Bloomberg, is designed to streamline operations and enhance overall efficiency within the company.
