I'm sorry for the folks that are getting let go, that is traumatic and rough - especially when you were expecting firm backing for the ride.
But, thank goodness they're cutting their losses early (smart) and going for a focused technology development program. Love Apple, but did not want to see them going into the tar pit that is auto development and loosing focus of their core business.
Do look forward to seeing what their vision pictures of a car were like though, you know they had some at this point. ;-)