Luminar Technologies: Luminar is also looking to sub-lease some of its facilities in portions or fully, reducing global footprint as part of the restructuring.
The company recently announced shipments of its next-generation laser sensors to Volvo. It stated that it will shift towards an "asset light" business model, outsourcing more of its production to partners. At least 147 positions will be eliminated. Read more.
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(Reuters) - Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. As of December last year, the company had nearly 80.
(Reuters) - Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. As of December last year, the company had nearly 80.