Tech layoffs finally hits Apple

 Apple Halts Ambitious Projects in California, Affecting 600 Employees

In a significant turn of events reported by Bloomberg, tech giant Apple has made the decision to terminate two highly ambitious projects headquartered in California. According to the report, Apple has scrapped its endeavors to develop both an electric and autonomous car, along with efforts focused on advancing next-generation display screens for smartwatches.

The move marks a notable shift in Apple's strategic direction, as the company has opted to redirect its resources away from these ventures. The decision has impacted approximately 600 employees who were actively engaged in the development and execution of these projects, as indicated by filings from the California Employment Development Department.

 While specific reasons behind Apple's decision remain undisclosed, industry analysts speculate that the company may be recalibrating its priorities or reallocating resources towards other initiatives. The cessation of these projects raises questions about Apple's long-term strategy in the automotive and wearable technology sectors, areas where the company had been previously exploring innovative advancements.

 As Apple navigates this transition, stakeholders and industry observers are keenly watching for further developments that may shed light on the company's future endeavors and strategic roadmap.