Mobileye laying off 5% of global workforce, Globes reports

Mobileye (MBLY) is cutting roughly 200 positions, about 5% of its workforce, with most of the layoffs occurring in various departments in Israel, Globes’ Shiri Habib-Valdhorn reports, citing a company statement. Mobileye said, “As part of an ongoing examination of changing needs, adjustments are being made to the workforce. The company will work to support affected employees while continuing to hire for positions required to deliver on its long-term plans.”