http://www.macnn.com/articles/10/02/19/affects.signature.apple.pro.level.software/
Ex-Apple worker claims 40 layoffs from Final Cut team
updated 09:40 am EST, Fri February 19, 2010
Affects signature Apple pro-level software
Apple has made 40 people from its Final Cut development team jobless, claims a former worker with the group, Pete Warden. The cuts are said to have happened a little over a week ago, and without any obvious explanation. Warden points out that Apple has been been enjoying high profits; this may mean that any cost-cutting efforts would have to revolve purely around maximizing returns and efficiency.
Final Cut is moreover Apple's signature professional-level software, a standard within the video editing industry. Final Cut Studio 3 was only released in July of 2009, and Apple has already produced a few updates. The company may intend to scale back development until it plans its next major product debut.
Professional Poster
Joined: Sep 1999
Maybe not cost cutting
Layoffs are often about cost-cutting, but not always. Apple may have felt that they simply don't need as many developers working on the product.
Of course, this is still speculation as the former employee may be bitter and spreading false rumors.