06:21 AM EDT, 05/21/2025 (MT Newswires) -- LeddarTech Holdings ( LDTC ) shares were down nearly 39% in recent premarket activity Wednesday after the company overnight announced a plan to cut its workforce.

LeddarTech ( LDTC ) said late Tuesday it is reducing its workforce via temporary layoffs of about 138 individuals in all of its locations and across all departments within the organization, representing roughly 95% of the total workforce. The company said it is seeking to preserve cash and wants more time to pursue discussions with its lenders.

LeddarTech ( LDTC ) also needs additional time to continue to assess potential alternatives pertaining to a restructuring of its obligations and a sale of the business or certain of its assets, among other things, it said.