Israeli autonomous driving company Mobileye is laying off about 200 of its roughly 4,000 employees, most of them in Israel. The move stems from a need to streamline operations and concentrate on the company’s core areas, not from the closure or reduction of any specific activity.
Still, since the start of 2025 the company’s market value has dropped about 40% to roughly $9.5 billion. Revenue has fallen because of weak orders for its chips, after customers built up inventories mainly in 2024, a lingering effect of the global auto chip crisis during the coronavirus period. Even as it carries out the layoffs, Mobileye is continuing to hire in fields it sees as critical for future development.
Mobileye said in a statement, “As part of an ongoing review of changing needs, adjustments are being made to our workforce. The company will support affected employees and will continue recruiting for roles required to carry out its long term plans.”
Founded in 1999 by Prof. Amnon Shashua and listed on Wall Street in 2022 at a valuation of $16.7 billion, Mobileye develops autonomous driving technology and advanced driver assistance systems. It is one of Israel’s best known global brands.
The company has offices in Jerusalem, Tel Aviv, Haifa and Petah Tikva. More than a year ago it inaugurated a large new campus in Jerusalem, and since the IPO it has expanded its workforce by about 1,000 employees.