Intel's Israeli R&D team lays off hundreds of employees, most of whom switch to Nvidia.
Intel plans to lay off 15,000 employees globally, and the Israeli R&D center has already laid off hundreds of employees. Intel has about 11,700 employees in its operations department in Israel, with the latest layoffs focused on the R&D department. The actual number of layoffs is currently unclear, but the scale of the layoffs will reach hundreds of people.