Apple may fire around 700 employees after cancelling Apple Car plans to compete with Tesla
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Apple has confirmed significant layoffs impacting over 700 employees, a move attributed to the cancellation of its Apple Car initiative and a reevaluation of its in-house Micro-LED display project. The news emerged following the filing of WARN notices in California, shedding light on the company's restructuring efforts.
Impact on Apple Car and Micro-LED TeamsAmong the affected projects, Apple's decision to cancel the Apple Car endeavour has led to layoffs across various teams. Notably, LuxVue Technology, a Micro-LED display specialist acquired by Apple in 2014, is witnessing layoffs, reflecting the company's shift in display technology strategy, reported 9to5mac.
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