Luminar to cut nearly 20% jobs as part of restructuring

As of December past year, the institution had astir 800 full-time employees successful the U.S., Germany, Sweden, India and China.

Luminar is besides looking to sub-lease immoderate of its facilities successful portions oregon fully, reducing planetary footprint arsenic portion of the restructuring.

The program volition beryllium implemented instantly and pb to an yearly simplification successful operating costs by $50 cardinal to $65 cardinal station completion by this year's end, the institution said.

The institution launched its latest lidar sensor, Halo, successful April, partnering with auto-software shaper Applied Intuition to assistance car makers successful investigating their assisted-driving systems.

Lidar sensors assistance self-driving cars and driver-assistance systems summation a three-dimensional representation of the road, and is considered a cardinal to achieving afloat autonomy successful vehicles.

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Published: 04 May 2024, 10:22 AM IST