Recently, the online travel app for public transport, Moovit, has announced the dismissal of 10% of its employees. This news was reported on Sunday, June 16 by the ITV Channel 12 news service. The furloughed employees received notices of impending layoffs on Sunday, with approximately 20-25 employees out of a total staff of 225 being affected.
Moovit was acquired by Intel Corporation four years ago for a billion dollars, marking one of the largest Israeli app exits in history. However, recent changes at the company have led to a restructuring of its workforce. This significant development in Moovit’s history could potentially have a lasting impact on its operations moving forward.
The layoffs come after a period of transition and adaptation for Moovit in the competitive landscape of the online travel industry. It is unclear what specific factors led to these changes at the company, but it is clear that Moovit is adapting to remain competitive in this rapidly changing industry.
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