Luminar

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

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The company, which just announced shipments of its next-generation laser sensors to Volvo, said that it will transition to an “asset light” business model that will see more of its production outsourced to its partners. As part of the restructuring, at least 147 people will lose their jobs. Luminar has at least 730 employees based … Read more

Luminar cuts 20% of staff and outsources lidar production

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Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more “asset-light” business model, as it aims to scale production. The cuts will affect around 140 employees, and are starting immediately. Luminar is also cutting … Read more