Sept 23 (Reuters) - Luminar Technologies ( LAZR ), a
maker of lidar sensors for self-driving cars, said on Monday it
has cut about 30% of its workforce since the beginning of 2024,
from the previously announced 20%, as part of a restructuring
plan.
The new staff reduction will result in about $4 million to
$6 million in additional cash charges to be incurred primarily
in the third and fourth quarters of 2024, Luminar ( LAZR ) said in a
filing.
In May, Luminar ( LAZR ) had said that along with the 20% layoffs, it
is also looking to sub-lease some of its facilities in portions
or fully, reducing its global footprint as part of the
restructuring.
As of December 2023, the company had nearly 800 full-time
employees in the U.S., Germany, Sweden, India and China.
Lidar sensors, considered a key component into achieving
full autonomy in vehicles, help self-driving cars and
driver-assistance systems gain a three-dimensional map of the
road.