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WSJ Tech News Briefing

TNB Tech Minute: Apple Lays Off More Than 600 Workers

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 5 April 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Foxconn reported higher March revenue. And Samsung plans to double its investment in Texas. Alex Ossola hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Cracken.

0:03.0

Crippo is like the financial system, but different.

0:06.0

He doesn't care where you come from,

0:08.0

what you look like, your credit score,

0:10.0

or your outrageous food delivery habits.

0:13.0

crypto is finance for everyone, everywhere, all the time.

0:17.0

Visit Krakon.com slash see what crypto can be.

0:21.0

To learn more, Don't invest in

0:23.5

unless you're prepared to lose all the money you invest. This is a high-risk

0:26.4

investment and you should not expect to be protected if something goes wrong.

0:31.4

Here's your TMB Tech Minute for Friday, April 5th. I'm Alex Osala for the Wall Street Journal.

0:37.0

Apple is laying off more than 600 workers after the company's decision to cancel its electric car project. The tech giant gave

0:44.9

614 employees notice of the cuts on March 28th with changes to take effect May 27th, according to state records in California.

0:53.0

Workers are being laid off across eight offices in Santa Clara,

0:56.0

though it wasn't clear which projects the employees were working on.

1:00.0

Apple didn't immediately respond to a request for comment.

1:04.0

Electronics Maker FoxCon has reported higher March revenue,

1:07.6

rising 12% from a year earlier to the equivalent of nearly 14 billion dollars.

1:12.4

The company said revenue for its cloud and networking

1:15.0

segment grew significantly due to strong customer demand for cloud products. Revenue for

1:20.0

consumer electronics also showed strong growth. The Taiwan-based company

1:24.1

also said it expects growth in the second quarter despite the impact of a big

...

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