Apple plans to lay off more than 600 workers in California, weeks after scrapping its electric car and smartwatch display projects.
The tech giant filed a number of notices to the state detailing the planned job cuts, Apple’s first significant layoffs since the pandemic. The workers, based across eight offices in Santa Clara, were told on March 28 and the layoffs are effective from May 27, according to the filings.
While it’s not clear which projects the layoffs relate to, Santa Clara was home to the company’s secretive car project and next-generation screen development, Bloomberg reported.
The closure of both projects in recent weeks is a blow to Apple and makes the success of its next big idea even more crucial—particularly as its looks to develop its artificial-intelligence credentials. The stock has been under pressure this year and Apple may need an AI innovation to turn that around.
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