Luminar, a prominent lidar technology company, has announced a significant reduction of its workforce by 20% and plans to outsource more of its lidar production to adapt to an “asset-light” business model. This restructuring is part of Luminar’s strategy to accelerate product delivery to the market while drastically cutting costs, aiming to enhance profitability in … Continue reading Luminar Reduces Workforce by 20% and Outsources Lidar Production