Apple laid off over 200 employees working on the Project Titan, the electric car project of the tech giant. According to a CNBC report, the phone manufacturer has laid off over 200 employees and also reassigned some of the employees to other departments like machine learning.
“We have an incredibly talented team working on autonomous systems and associated technologies at Apple. As the team focuses their work on several key areas for 2019, some groups are being moved to projects in other parts of the company, where they will support machine learning and other initiatives, across all of Apple,” said the company spokesperson, according to the CNBC report.
“We continue to believe there is a huge opportunity with autonomous systems, that Apple has unique capabilities to contribute, and that this is the most ambitious machine learning project ever,” he added.
CNBC also cited that a restructuring of the Project Titan team was expected as the company recently appointed two Apple veterans, Doug Field and Bob Mansfield to head the project.
In 2016, the iPhone maker laid off employees from the same group. They shifted focus from making electric cars to building self-driving cars. However, fully autonomous cars remain experimental even for major car manufacturers in the field like Waymo, Cruise and Tesla.
The company has also slashed its quarterly revenue forecast for 2018, according to recent reports. The company’s revenue forecast stood at $84 billion compared to last year’s highest forecast of $93 billion, a $9 billion drop in revenue. The news initiated a broad sell-off in the global stock markets.
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