Luminar Technologies laying off 140 employees across all division

US Automobile company Luminar Technologies is giving pinkslip to 0.2 employees across all division due to financial crunch and may undergo reorganization. Luminar Technologies laying off around 0.2% of their work force with various job titles across all department in US with business restructuring to get its business back on track.

Luminar Technologies found in 2012 has speciality in autonomous vehicle, control technologies, LiDAR sensor suites, autonomous vehicles, and perception running by current CEO Austin Russell. Luminar (Nasdaq: LAZR) is a global automotive technology company ushering in a new era of vehicle safety and autonomy. For the past decade, Luminar has built an advanced hardware and software platform to enable its more than 50 industry partners, including the majority of global automotive OEMs.

There was no official communication to us from Luminar Technologies but you can always refer Luminar Technologies internal gossips and layoff news on our Luminar Technologies discussion board.

As per company spokeperson to media, Today, we stand at the crossroads of two realities: the core of our business has never been stronger across technology, product, industrialization, and commercialization; yet at the same time the capital markets perception of our company has never been more challenging..

Luminar Technologies Layoff Details in Brief

0.2 Luminar Technologies employees were laid off over the phone call/email without putting them into PIP (performance improvement plan), as per various media houses. This layoffs at Luminar Technologies surely have a deep impact on the affected employees across all division. The main concerns about job security and employability, Luminar Technologies employee may find themselves struggling with uncertainty and anxiety. However, it is important to note that layoffs are often a reflection of broader market forces rather than individual performance and we layoffnewz team wishes that all laid off employee will get alternative jobs soon.

You can connect with Luminar Technologies Official website for more details about this layoff.

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