Intel Drones Germany lay off more than 50 staff

Word is reaching us of large numbers of folks being let go at Intels main drone manufacturer Ascending Technologies in Germany at the end of 2018.
If true that’s very sad as Asctec really have been pioneers in the drone space.
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Intel has form in this regard, they hired and fired at Yuneec USA back in 2017.
Not only did they bring their Falcon 8 industrial inspection platform to the party but the shooting stars light show Asctec was unique in having a camera on a multirotor that could point up.
Is this the end of product development from the Intel nee Asctec team?
I have reached out to Intel for comment, but nothing back yet.
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