Job cuts as lidar firms look to reduce costs
![Job cuts as lidar firms look to reduce costs Cost-cuts and job losses across the board at many lidar development firms including Luminar](/sites/default/files/styles/content_banner/public/2024-05/LuminarMay2024.jpeg?h=c29551c4&itok=IF_H1pSV)
Cost-cuts and job losses across the board at many lidar development firms including Luminar. Image: Luminar Technologies
With many lidar companies recently posting their latest round of quarterly financial results, cost-cutting emerges as a key target across the board, as focus shifts from R&D to production.
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