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Struggling Mobileye to lay off hundreds of workers, mostly in Israel

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Mobileye, the Jerusalem-based developer of advanced vision and self-driving technologies, said Monday that it was laying off about 200 employees, or about five percent of its global workforce.

The developer of technology for autonomous car systems employs more than 4,000 employees, 3,000 of whom are based at the company’s Israel offices in Haifa, Tel Aviv, Petah Tikva, Ramat Gan and Jerusalem. Most of the layoffs are expected to affect employees in Israel, as part of streamlining measures across the firm’s divisions.

“As part of an ongoing response to changing needs, adjustments are being made to the workforce,” Mobileye said in a statement. “The company will support affected employees, while continuing to recruit for positions required to realize its long-term plans.”

Mobileye, co-founded and led by CEO Prof. Amnon Shashua, became an Intel Corp. company in 2017, after being........

© The Times of Israel