Mobileye unit Moovit shedding 30% of workforce
Moovit, a subsidiary of Mobileye, is laying off 30% of its workforce as part of a strategic restructuring. The company plans to shift focus toward consumer growth and deeper technological integration with Mobileye's Robotaxi project.
Why it matters
This move highlights the ongoing consolidation and strategic pivots within the autonomous vehicle and mobility-as-a-service sectors.
Public transport app company Moovit is laying off about 60 of its 200 employees. In a message to the company’s staff that has reached "Globes", Moovit’s CEO said that after a comprehensive review of the company’s activity and its strategic priorities, it had been decided to downsize the workforce and carry out a restructuring. "Decisions like these are never easy, because they affect colleagues who have contributed their talents, dedication, and expertise to Moovit’s success," the CEO wrote on Thursday.
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