Israeli chip company Valens Semiconductor to lay off nearly 10% of its workforce
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Gelonghui, January 28th｜Israeli chip company Valens Semiconductor announced on January 28th local time that it will implement an operational efficiency improvement plan, laying off about 10% of staff across multiple departments. It is expected to save approximately $5 million in annual operating costs. The plan is expected to be completed by the second quarter of 2026.
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