Apple Lays Off Over 200 Staff Members from Project Titan
US tech firm Apple Inc. has dismissed more than 200
employees this week from its autonomous vehicle team, Project Titan, as part of
what it is being described internally as a restructuring effort under new
leadership of the program, sources familiar with the matter said on Thursday.
Spokesperson for Apple confirmed the lay-offs and stated
that as the team focuses their work on several key areas for 2019, some groups
are being moved to projects in other parts of company, where they will support machine
learning and other initiatives, across all of Apple.
Last year, the iPhone maker put Apple veteran and Tesla Inc.
Engineering Vice President, Doug Field, in charge of the Titan team along with
Bob Mansfield.
Other employees affected by the restructuring of Project Titan
will remain at Apple, although they will be reassigned to different parts of
the company.
The Cupertino-based firm previously cut back on the Project
Titan initiative in 2016, when hundreds of team members were dismissed. The
move was seen internally as a reboot of the self-driving vehicle project.
Shares of Apple rose 0.4 percent to $154.65 in pre-market
trade on Thursday.
Fully Autonomous Vehicles on Public Roads Still Years Away
Executives of Apple have stayed tight-lipped in recent
months about the company’s automobile prospects, which seemed to have changed
from the initial rumored vehicle to a focus on software.
Moreover, Apple Chief Executive Tim Cook has noted health-related
features as the top priority for the firm, saying Apple’s greatest contribution
to mankind will be about health. Conversely, employment rate within the company
for health-related careers have grown 400 percent over the past couple of
years.
Prior to the layoffs in 2016, reports suggested that the
smartphone maker plans to introduce a branded electric car by 2020, but a fully
operational vehicle is not expected to hit public roads until 2023 at the earliest
as Apple continues to work on autonomous vehicle subsystems.
Fully self-driving cars are still at trial phase, even for big
players in the field like Waymo LLC, General Motors Co.’s Cruise Automation,
and Tesla.
Venture investors and strategic investors from the
traditional automotive industry have spent billions into start-ups building
self-driving vehicles such as Zoox, Pony.ai, Aurora Innovation Inc., May
Mobility Inc., Embark, and others.
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Apple Lays Off Over 200 Staff Members from Project Titan
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January 24, 2019
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