Orlando, September 25: Luminar슬롯 머신 사이트 추천Technologies, a US-based self-driving technology developer, has significantly reduced슬롯 머신 사이트 추천its workforce this year. The슬롯 머신 사이트 추천tech company known for developing vision-based LiDAR sensors슬롯 머신 사이트 추천and machine perception슬롯 머신 사이트 추천reduced 20% of its employees in May 2024슬롯 머신 사이트 추천amid broader production process restructuring and cost reduction. Since the beginning of 2024,슬롯 머신 사이트 추천reports said that the company had슬롯 머신 사이트 추천laid off about 30% of its total workforce.슬롯 머신 사이트 추천

According to reports,슬롯 머신 사이트 추천the슬롯 머신 사이트 추천Luminar layoffs슬롯 머신 사이트 추천will result in슬롯 머신 사이트 추천USD슬롯 머신 사이트 추천4 million to슬롯 머신 사이트 추천USD슬롯 머신 사이트 추천6 million in additional cash charges to the company, mainly in the third and fourth quarters of 2024.슬롯 머신 사이트 추천The self-driving car tech developer has also been looking슬롯 머신 사이트 추천to sublease its슬롯 머신 사이트 추천facilities슬롯사이트”partially or fully슬롯사이트”to reduce its global footprint amid restructuring.슬롯 머신 사이트 추천As per a슬롯 머신 사이트 추천previous슬롯 머신 사이트 추천report, the company laid off employees to improve overall production and save costs.슬롯 머신 사이트 추천Luminar Layoffs: US-Based Self-Driving Tech Developer Cuts 20% of Its Workforce Amid Broader Restructuring of Its Production Process To Reduce Costs.

Luminar Technologies had around 800슬롯 머신 사이트 추천full-time employees in countries like the US, Sweden, Germany, China, and India. The company has adopted a restructuring strategy that would슬롯 머신 사이트 추천reportedly help lower operating costs and ensure long-term sustainability.슬롯 머신 사이트 추천Luminar슬롯 머신 사이트 추천has been슬롯 머신 사이트 추천facing슬롯 머신 사이트 추천significant challenges in scaling its production amid high industry competition.슬롯 머신 사이트 추천

In May 2024, it was reported that the company intended to outsource more슬롯 머신 사이트 추천production to its partners and transition to an "asset-light" business model. With this move, the LiDAR-tech developer슬롯 머신 사이트 추천aimed to ensure슬롯 머신 사이트 추천efficient production and a secured future in the highly competitive tech market.슬롯 머신 사이트 추천Northvolt Layoffs: Swedish EV Battery Maker Lays Off Around 1,600 Employees Amid Cost Cutting Measures.

This year, Luminar Technologies CEO Austin Russel also said it was슬롯 머신 사이트 추천difficult for the슬롯 머신 사이트 추천company to lay off some of these people as they were with the company for years. Luminar develops LiDAR (Light Detection and Ranging) sensors and then ships them to automobile giants like Volvo, Audi, Mercedes-Ben, SAIC from China and others. In May, the CEO said that Luminar layoffs were aimed at saving nearly USD 80 million on an annual basis and around USD 400 million in five years.

(The above story first appeared on LatestLY on Sep 25, 2024 04:43 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).