Apple Layoffs
February 2024
Apple announced a layoff affecting 0 employees in February 2024. The company operates in the Hardware sector.
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Feb 27, 2024
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Apple, the technology giant, has canceled its long-secretive autonomous electric car initiative, Project Titan, and is laying off some of the workforce involved. The decision, announced internally on February 27, 2024, affects the project's team of approximately 1,400 employees, with likely hundreds being let go. The remaining staff will be reassigned to generative AI projects or given 90 days to find new roles within the company. This move reflects a strategic shift as Apple reevaluates its investments amid broader industry challenges in electric and autonomous vehicles, ending a decade-long effort that once involved around 5,000 workers.
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