Intel hits the brakes on its automotive business, and layoffs have started TechCrunch

Intel hits the brakes on its automotive business, and layoffs have started | TechCrunch

News Source : TechCrunch

News Summary

Intel confirmed to TechCrunch that plans to wind down the auto business were communicated internally on Tuesday
The company does not disclose the number of affected employees based on specific region, location, or business
Earlier this month, the company said it planned to lay off 15% to 20% of workers in its Intel Foundry division

Intel is shuttering its automotive architecture business and laying off most of its staff as part of a broader restructuring at the chipmaker. The news was first reported by The Oregonian/Oregon Li [+2471 chars]

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