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Apple lays off over 600 California employees after shuttering car project - TL;DR CNBC

Apple lays off over 600 California employees after shuttering car project

Publishing timestamp: 2024-04-05 13:34:02


Summary

Apple is laying off 614 workers in California, the company's first significant round of job cuts since the Covid pandemic. The layoffs come weeks after Apple canceled a project to build an electric, self-driving car. The affected employees worked at different facilities in Santa Clara and were informed of the cuts on March 28. Positions that were cut include machine shop managers, hardware engineers, and product design engineers.


Sentiment: NEGATIVE

Tickers: AAPL

Keywords: layoffspersonneltechnologylabor economymobileapple incbusiness newsbusinessbreaking news: technology

Source: https://www.cnbc.com/2024/04/04/apple-lays-off-over-600-employees-after-shuttering-car-project.html


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