In TrendsStock MarketStocks To WatchGold and SilverNSE RebalancingITRApple CEO John Ternus plans to make company leaner: ReportThe 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 September 30, 2026, 8:51:09 AM IST (Updated)(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.Also Read: John Ternus takes over Apple from Tim Cook: AI lag, iPhone 18 await new CEOThe report mentions that Ternus wants to create a leaner company that focused more on engineering, which meant cost-cutting and restructuring.One step was "eliminating some middle-management positions to reduce the layers separating engineers from senior executives," Bloomberg said.Over the past two weeks, Apple dismissed "a number of engineering program managers" in its hardware engineering division, Bloomberg said. Those staff, who had managed timelines and coordinated work across teams, played a role "central to Apple's product-development process…
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