Apple Inc. lays off hundreds of employees as it narrows its focus on autonomous vehicles

Apple Inc. has laid off hundreds of employees from Project Titan, its autonomous vehicle initiative, as part of a shift in focus toward building software for cars.<br><br>The cuts come a day after the tech giant announced the largest round of job reductions in its history, with plans to eliminate about 7,400 positions, or 4% of its workforce, across multiple divisions. The layoffs reflect Chief Executive Officer Tim Cook’s efforts to adapt the company to a slowing economy and keep a lid on costs.<br><br>Project Titan has been in flux for years, with numerous changes in direction, leadership, and strategy. In 2021, Apple poached a top executive from Lamborghini to oversee the project, which was seen as a sign that it was moving toward making a consumer vehicle. However, the initiative struggled to gain traction, and the company ultimately decided to focus on software instead.