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DeepNewz, mobile.
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Luminar Technologies, a company specializing in lidar sensors for autonomous driving, announced it will lay off 20% of its workforce as part of a restructuring plan. The company also plans to outsource its lidar production. This move comes amid a broader strategy to streamline operations and reduce costs. The decision has impacted Luminar's stock, which fell following the announcement.
Luminar, maker of lidar for autonomous driving, lays off 20 percent of its workforce $LAZR https://t.co/5asX1UeGAE
Luminar to cut nearly 20% jobs as part of restructuring @luminartech, a maker of lidar sensors for self-driving cars, said that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. https://t.co/FmpxKw5wbJ
Luminar to cut nearly 20% jobs as part of restructuring https://t.co/qU9bxrMkr8 https://t.co/wdvL3wSthH
