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The company disclosed it had laid off 614 employees from eight different offices in Santa Clara, a month after it reportedly scrapped its ambitious self-driving electric car project.
The Apple car project, at its peak, had a workforce of around 1,400 employees. Some of these employees will be reassigned to Apple's generative AI (GenAI) projects, as the company continues to explore the potential of artificial intelligence.
Apple is taking measures to avoid layoffs according to CEO Tim Cook. He stated that he views mass layoffs as a last resort for the company, with extreme caution being taken on their hiring process. Apple is also focusing on cutting costs to compensate for the slowdown in hiring during the Covid pandemic. Cook believes that being prudent with hiring has put Apple in a better position than its competitors. In April, Apple had previously announced it was eliminating some roles in corporate teams, positioning the move as an effort to streamline rather than layoffs., Companies News, Times Now
Apple previously distinguished itself from the other tech players by avoiding layoffs, but it now seems that trend is over.
In the most recent round of performance appraisals, Meta gave thousands of employees