One of the most valuable companies on Earth, tech giant Apple, has laid off more than 600 employees in California, signaling a shift in the company’s priorities as it faces a multitude of challenges under the leadership of CEO Tim Cook. Many of the layoffs were related to the company’s failed electric vehicle project, which was shut down in February.
Business Insider reports that Apple, known for its stability and infrequent layoffs, has taken the surprising step of cutting over 600 jobs in California, according to filings with the California Employment Development Department. The affected employees were primarily involved in expensive research and development projects, such as the secretive electric vehicle initiative, which was scrapped in February after costing the company $1 billion annually since 2014. Another project impacted by the layoffs was an in-house endeavor to…
