Tech Layoffs in Rearview Mirror, Uncertainty Remains for Apple's AI Plans: Analysts Weigh In

Wedbush Securities analyst Dan Ives believes that the majority of tech layoffs are now behind us, citing Apple CEO Tim Cook's recent comments on the matter. Apple's more prudent approach to hiring has put the company in a position to gain market share and hire talent, which is a shot across the bow at its peers. Apple's better-than-expected performance and favorable U.S. jobs data have also contributed to a 4.7% jump in the stock price. Research shows that layoffs are generally a confession of poor management and don't reliably raise a company's profits or stock price.