Bart Yee on 40 members of Congress warn Apple not to close its first unionized store - 'I highly recommend reading the following, it’s a fascinating blog article from KORE1, a tech focused Staffing company (headhunters) based in Irvine, CA, looking back at Apple “staffing changes” from 2024 to present, and how that creates a supply of Apple sourced well trained and experienced engineers, managers, senior IC’s (individual contributors), and retail facing personnel who are then potentially available to talent “buyers”, in this case for KORE1’s network of financial services, insurance, HR outsourcing, and Healthcare IT companies who are looking for and hiring talent. It’s a candid, blunt assessment from a headhunting, talent supply and acquisition point of view, where Apple’s (and others) personnel are the product & supply, and prospective Company HR, job descriptions, and active hiring (internal headhunters) is the demand. https://www.kore1.com/apple-layoffs-2026/ “Gregg Flecke, KORE1. Almost three decades placing technology professionals into financial services, insurance, HR outsourcing, and healthcare IT buyers. KORE1 collects a placement fee when you hire ex-Apple talent through our IT staffing services practice, so the angle here leans toward “the resumes are real, the pool is unusual, and the heuristics your team uses for ex-FAANG candidates do not transfer cleanly to ex-Apple ones.” Bias on the table.“ Some key points made: “Sources for the analysis below: Bloomberg’s Mark Gurman on the April 29 Vision Products Group redistribution. Apple’s own December 1 press release on Giannandrea’s retirement and the April 22 Q2 FY26 earnings call. IDC’s Q4 2025 Vision Pro shipment estimate. The IAM’s public statements about Towson. Employee posts on Blind and TheLayoff. Salary aggregator data from Levels.fyi and ZipRecruiter. And what our financial services and healthcare desks at KORE1 have been seeing in the candidate flow since the VPG memo went out. Apple sits in a different category than the rolling AI restructurings at Google and Microsoft or the morning-email cuts at Atlassian. Different shape. Same end state on the supply side.” “What Apple Has Actually Done in 2026 Five events. None of them came packaged as “layoffs.” Stack them and the talent flow becomes obvious.” “None of those is a 1,600-person memo. Stack the supply implications and the picture shifts.“ Vision Pro: “ A 1,000-person hardware-and-systems org does not get evaporated cleanly. Reassignment is the official term. In practice, two-thirds of the people we have spoken with since early May are either openly looking, taking exploratory calls, or quietly updating LinkedIn for the first time in five years.” “The reassignment numbers are unkind to senior individual contributors. The receiving orgs (Siri, foundation models, accessibility, Software Engineering) already had headcount plans for 2026. Absorbing several hundred displaced engineers means flat or slowing internal promotion velocity at the senior IC ladder, which is the exact career stage where Apple historically loses people to other employers who can offer a faster path. Retention at the staff and principal level is what breaks down first.” emphasis mine. (Very clear perspective & reasoning when it comes to employee responses to staffing changes, especially evaluating your worth to Apple (or current employer) and then to other prospective employers. Of course, KORE1 and companies like them can help these folks plug into job networks.) “Three. Apple is still hiring into the Vision Production Group for the next program. Tom’s Hardware confirmed in April that requisitions remain open for the smart glasses program (codename N50). The role profile is shifting: fewer custom-silicon-for-headset engineers, more lightweight optics, sensor fusion for wearables, and AR overlay work tied to Apple Intelligence. Senior ICs who built the Vision Pro display chain are not always the best fit for what comes next. They are an excellent fit for buyers outside Apple’s competitive set.“ “The compensation conversation is harder. Apple RSUs are difficult to replace at any non-public buyer. The mission and stability lines work, and they work better than most recruiters expect.” Plus plenty of blunt, bottom line talk about how to lure, chase, interview and make your job offers attractive enough to land Apple talent. It’s a fascinating (to me) read in the tech employment underbelly. See also any number of additional articles from KORE1 in their blog on tech focused layoffs at bunches of companies recently. Link sent to Phil. PS – the outlines of the Apple business decisions, realignments, and their fallout are very telling of shifts in product roadmaps. Tim, John and Kevan earning their experience and jobs. After all, engineering talent is part of the supply chain.'
on Premarket: Apple is red - 'Following Apple’s $8.89 gain on Monday (up 2.90%) to close at $315.20, the shares are off $1.11 at $314.09 overnight. Broadcom releases results on Wednesday. The shares rose $21.60 or 4.70% on Tuesday to finish the session at $481.57 while setting new all-time highs and pushing the company’s market cap to $2.28 trillion. The shares are up 93.63% over the past twelve months and are now trading overnight and ahead of earnings up $13.92 at $495.49. Let’s see what the morning brings…'
on 40 members of Congress warn Apple not to close its first unionized store - 'Given what you said, he wouldn’t have a chance of winning!'
on 40 members of Congress warn Apple not to close its first unionized store - '@Bart Yee – Your comment, as usual, is full of actual facts and figures combined with logic…you need to run for an elected office. 🙂'
on 40 members of Congress warn Apple not to close its first unionized store - 'If you pay more taxes for it, yes!'
on Premarket: Apple is red - 'You are right, Ron, and Buffett has admitted that they sold too soon. I would add WAY (too soon). But it is still their biggest holding at around 230 million shares. It’s not that Buffett is always right, but rather that he is often right.'
on Premarket: Apple is red - 'It’s interesting for Google to do this with stock, rather than bonds. How much does the new stock water the existing stock?'
on Premarket: Apple is red - '@Joseph: Warren was selling Apple stock back in April and May 2024. Based on the pricing at that time in conjunction with his 13F SEC Filings, his sales were between $160ish and $180ish. Still owns a truckload of Apple, but pared down his stake by 50%. Spin ahead and we have this: AAPL 5/30/24 – 191.29 AAPL 6/2/26 – 315.20 Glad I stayed long and no reason to be selling Apple and buying Google IMO. Especially after they just announced a stock dilution of $80 Billion to finance their AI buildout plans.'
on Premarket: Apple is red - 'From “Berkshire Hathaway Got a Sweet Deal on Alphabet Stock on Barron’s today: “Alphabet, Google’s parent, gave Berkshire a 6% discount off its Monday closing stock price. It isn’t that unusual—for very good reasons…The doubters point out that Berkshire is buying Alphabet stock after it has doubled in the past year—a move not keeping with Chairman Warren Buffett’s usual value approach to investing.” So basically B. H. used some of that money they got from selling AAPL years ago to buy some GOOGL years later – after the GOOGL cows got out of the barn door – and after Alphabet cut a deal with Apple to cooperate to some degree on Edge AI, which is why GOOGL went up in the first place. Not exactly a great play. More like a pretty conservative one….'
on Steve Jobs' 'Apple Hierarchy of Skepticism' (video) - 'The Macworld Expos died out from a combination of factors. First, trade shows overall were dying out as the web took over. You could now find out about cool new stuff right away Second, with the iPod and then the iPhone, Apple grew in power and influence. They no longer needed a trade show to get buzz, they gave the trade show the buzz. Apple got sick of twice a year needing to announce something big on someone else’s schedule and they pulled out of keynoting the show. It officially packed up a few short years later.'
on Premarket: Apple is red - 'I’m encouraged by yesterday’s intraday low ($305.02). Given the magnitude of the selloff, that AAPL held $305 (where I need AAPL to trade, at minimum, on JUL 17), is significant. Following that AAPL printed ATH and ATCH the very next day is very satisfying. All of my many trades since April 6 have been, and remained, in the money. As options premiums have increased (the result of improving investor sentiment), it’s going to get harder to buy as deep in the money as I have been doing.'
on Apple at $315.20: First record close of June - 'That, and the fact that Apple hold all the privacy cards.'
