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Intel will shut down its automotive business, lay off most of the department’s employees
Intel will shut down its automotive business and lay off most employees in the segment, as part of the company's refocusing on core client and data center portfolios. The move follows previous layoffs and cost-cutting measures, including a 20% workforce reduction in manufacturing and outsourcing of marketing to Accenture. Intel had acquired Mobileye, which develops technology for self-driving cars, but the closure of its automotive group is not expected to affect Mobileye's operations. The com..
