Mobileye Layoffs
September 2024
Mobileye announced a layoff affecting 100 employees in September 2024. The company operates in the Transportation sector.
100
Sep 9, 2024
Company Information
- Industry
- Transportation
- Country
- IL
- Region
- Jerusalem, Non-U.S.
About
Mobileye, an Intel-owned autonomous vehicle technology company, is laying off approximately 100 employees as it shuts down its internal lidar sensor development division in September 2024. This move, affecting a small percentage of its global workforce, aims to save an estimated $60 million in projected development costs. The decision reflects a strategic shift, as the company now believes next-generation lidar is less critical to its roadmap for "eyes-off" autonomous systems, citing significant advancements in its camera-based computer vision technology and the declining cost and strategic necessity of lidar sensors in the industry.
Related Events
More Transportation Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nlCompany Information
- Industry
- Transportation
- Country
- IL
- Region
- Jerusalem, Non-U.S.