Apple cancels its autonomous electric car project and is laying off some workers – By Sean O’Kane (Techcrunch) / Feb 27, 2024
Apple is scuttling its secretive, long-running effort to build an autonomous electric car, executives announced in a short meeting with the team Tuesday morning. The company is likely cutting hundreds of employees from the team and all work on the project has stopped, TechCrunch has learned.
Some remaining employees will be shifted to Apple’s generative AI projects, according to Bloomberg, which first reported the project’s cancellation. Others will have 90 days to find a reassignment to other roles inside the company, or they will be let go. The car project still had around 1,400 employees working on it, according to one employee who was granted anonymity because they were not authorized to speak about their work.
The decision to kill the project comes at a time when major automakers are reevaluating their investments in electric vehicles, and amid increased scrutiny on autonomous vehicle projects. Apple’s entry into the automotive sector was also seen as a possible boon to its bottom line, giving it a new source of revenue to help bolster against stagnating hardware sales and regulatory threats to its services business. Apple declined to comment.
Apple first started working on its car project, known internally as “Project Titan,” in 2014. At one point, it had around 5,000 workers dedicated to the effort. But Apple pivoted repeatedly over the last decade, oscillating between an emphasis on making an all-electric Tesla competitor and a fully-autonomous vehicle more akin to what Waymo has created. Most recently, Bloomberg reported in January that the project’s leadership was under pressure from Apple’s top executives and its board to find a way to bring something to market sooner than later.
Apple’s chief operating officer Jeff Williams and the vice president in charge of Titan, Kevin Lynch, announced the news to the team Tuesday in a short meeting that lasted about 12 minutes, and did not take questions, according to the employee. While this person described the announcement as abrupt, they said the decision was not.
CONTINUE > https://techcrunch.com/2024/02/27/apple-cancels-electric-car-project-titan/
