US chipmaker Marvell is laying off dozens of the roughly 500 people it employs at its development centers in Petah Tikva and Yokneam, Calcalist reported, as cited by Geektime. According to the report, this is not a global layoff wave but a decision affecting one local engineering team.
Marvell said it is reducing positions on one of its engineering teams "as part of an ongoing effort to align resources with changing business needs," and that the change affects "a small portion" of its engineering organization in Israel. The company has operated in Israel for more than 25 years, and its global engineering is led by Israeli CTO Noam Mizrahi.