Brief: Luminar Reports Reduction In Its Workforce By About 20%

Luminar Technologies

03/05/2024 21:34

May 3 (Reuters) - Luminar Technologies Inc  LAZR.O :
    * LUMINAR - REDUCTION IN ITS WORKFORCE BY APPROXIMATELY 20%
    * LUMINAR - ESTIMATES IMPACT OF 2024 RESTRUCTURING PLAN,
WHEN
COMPLETED, WILL REDUCE OPERATING COSTS BY $50 MILLION TO $65
MILLION ON AN ANNUAL BASIS
    * LUMINAR - ESTIMATES IMPACT OF 2024 RESTRUCTURING PLAN,
WHEN
COMPLETED, TO REDUCE OPERATING COSTS BY $50 MILLION TO $65
MILLION ON ANNUAL BASIS
    * LUMINAR - OUTSIDE OF 2024 RESTRUCTURING PLAN, ADDITIONAL
COST
SAVINGS MEASURES THAT CO IS UNDERTAKING

Source text for Eikon:  ID:n0001628280-24-020322 
Further company coverage:  LAZR.O 

 ((Reuters.Briefs@thomsonreuters.com;))