Apple lays off staffers ahead of CEO change

Good morning. The Big Apple has a new claim to fame. According to a recent report, New York City has overtaken Silicon Valley to become North America’s top market for tech jobs. The report, by commercial real estate firm CBRE, found that the New York metro area had 394,000 techies at the end of last year, while the San Francisco Bay area’s total dipped to roughly 375,000.

The reason: Wall Street’s voracious appetite for AI talent combined with a slow, but continual drip of layoffs at many of Silicon Valley’s Big Tech firms. But CBRE notes that the Bay Area still ranks No.1 for its overall “Tech Talent” ranking which includes things like wages and AI strength. And we still have better burritos in San Francisco!

Today’s tech news below. —Alexei Oreskovic

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Apple layoffs on eve of new CEO

Apple is laying off roughly 200 employees in jobs related to Siri and VisionPro, two of the company's most troubled products. The cuts essentially shut down a team that worked on games for the poorly selling VisionPro headset and pares down a group making 3D videos, according to Bloomberg. Another big chunk of affected employees worked on features for the........

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