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

Image for article 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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