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Lidar maker Luminar to cut 20% of staff and outsource production (NASDAQ:LAZR)

Lidar maker Luminar to cut 20% of staff and outsource production (NASDAQ:LAZR)
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Austin russellLuminar technologiesApplied intuitionGeneral motor

Luminar Experiencing A Downturn in Autonomous Vehicles Appeal, Cuts 20% Jobs in Extensive Production 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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Luminar cuts 20% of staff and outsources lidar production

Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring.

United statesAustin russellMilin mehta

Luminar Technologies : Business Evolution

A Message from Founder and CEO, Austin Russell After a decade of intensive R&D, product development, and industrialization, last month Luminar officially achieved Start.

Austin russellOrder book

Luminar, maker of lidar for autonomous driving, lays off 20 percent of its workforce

Luminar, maker of lidar for autonomous driving, lays off 20 percent of its workforce
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