Mikkel Rosenvold
7 weeks ago

Apple Announces Massive Layoffs Following Electric Car Disaster

Apple has initiated layoffs of 614 employees in California, marking a significant shift following the discontinuation of its ambitious electric, self-driving car initiative.
Group of business people chat on mobile phone and laptop. Company logo on screen in background
kovop / Shutterstock.com

Apple Inc. has confirmed the layoff of 614 workers across eight facilities in Santa Clara, California. This move, revealed through a state WARN notice, represents Apple's most notable workforce reduction since the pandemic began.

The affected employees were notified on March 28, with the layoffs set to take effect on May 27.

This development follows closely on the heels of Apple's decision to terminate its long-standing project to develop an electric, self-driving car within the Special Projects Group.

While the WARN notice did not specify the projects linked to the job cuts, the locations mentioned suggest the elimination of roles tied to secretive, innovative endeavors rather than operations at Apple's main Cupertino headquarters.

Among the positions being eliminated are machine shop managers, hardware engineers, and product design engineers. This action contrasts with the broader tech industry's recent trend of substantial downsizing, from which Apple had largely been exempt due to its more measured growth during the pandemic.

An Apple spokesperson has opted not to comment on the layoffs. This move underscores the challenges even leading tech firms face in pioneering new technological frontiers, reflecting the intricate balance between innovation and operational viability in the highly competitive tech landscape.

Disclaimer

The information provided by this Site is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

More News

2 hours ago US Market Open: May 28, 2024 - Mixed Signals Amid Sector Divergence Daily update from the US market open.
2 hours ago The Western World’s Financial Leaders Met - Here are 7 Central Highlights Discover how the G7's latest meeting addressed global economic challenges, AI integration, and sustainable development.
7 hours ago Chocolate Trade Tiff: EU Fines Oreo and Toblerone Parent for Anticompetitive Practices EU slaps €337.5 million fine on Oreo and Toblerone maker for stifling trade.
7 hours ago Europe Market Open: May 28, 2024 - Mixed Performance Across European Markets Daily update from the European market open.
22 hours ago Dogecoin Dog Has Passed Away Farewell to Kabosu: The Shiba Inu behind the iconic ‘Doge’-meme and Dogecoin
23 hours ago Israeli Airstrike Hits Rafah Tent Camp Israeli airstrike on Rafah camp kills dozens, raising international alarm.
1 day ago Meta and Call of Duty Maker Sued by Families of School Shooting Victims Families of the 2022 Uvalde school shooting victims file lawsuits against major corporations and officials, claiming they contributed to the tragedy.
1 day ago Walmart and Capital One Call It Quits on Partnership Walmart and Capital One announce the end of their six-year card partnership amidst legal disputes.
1 day ago US Market Open - May 27, 2024: Wall Street Wavers but Nasdaq Soars Daily update from the US market open.