Connect with us

Hi, what are you looking for?

CrazyFlux.comCrazyFlux.com

Tech News

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

Luminar laser sensor vehicle
Image: Andrew J. Hawkins / The Verge

Luminar, which makes lidar sensors for autonomous driving systems, announced today plans to lay off 20 percent of its workforce amid a broader restructuring of its production process.

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 in the US, according to LinkedIn.

“Many of these team members have been on our journey with us for years, which is why this is so difficult,” Luminar CEO Austin Russell said in a statement. “We have also made the decision to…

Continue reading…

You May Also Like

Tech News

Illustration: The Verge Canada’s security agency is trying to dissuade Canadians from using TikTok, telling users that their data is “available to the government...

Tech News

Rufino Choque, from the Urus Indigenous community, stands over a boat in the middle of the extinct Poopó Lake, which disappeared in 2015. |...

Editor's Pick

Bryan Caplan The Cato Institute has just published my Build, Baby, Build: The Science and Ethics of Housing Regulation. The book is a non‐​fiction graphic...

Tech News

If you can afford this home, you can probably afford Anker’s whole-home battery backup solution. | Image: Anker Nearly a year since it was...