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...
