Moovit, the Israeli public transit navigation app owned by Mobileye, announced layoffs of approximately 30% of its employees, according to a report by N12. The company did not specify the number of workers affected or the reasons for the cuts.
Moovit, the Israeli public transit navigation app acquired by Intel's Mobileye in 2020, has announced it will lay off approximately 30% of its workforce, according to a report by N12 on Thursday. The company did not disclose the exact number of employees affected or the reasons for the reduction.
The move adds to a wave of layoffs in the Israeli tech sector in recent weeks. As The Zioneer has reported, companies including website builder Elementor, creative-tech firm Artlist, and project management platform Monday.com have all announced significant workforce cuts, often citing a shift toward artificial intelligence and business restructuring.
Moovit, which provides real-time transit data in over 3,000 cities worldwide, has not issued an official statement beyond the N12 report. Further details are expected to emerge in the coming days.
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