Layoffs

Luminar secures up to $200M following CEO departure and layoffs

Lidar company Luminar reached a deal with Yorkville Advisors Global and another unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs. Earlier this month, […]

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Luminar kicks off another round of layoffs amid CEO’s sudden resignation

Luminar, the lidar company founded by recently replaced CEO Austin Russell, is going through another restructuring, according to a recent regulatory filing. This new round of layoffs, which the company did not provide figures for, follows extensive cuts to the workforce in 2024. Luminar cut about 30% of its workforce in 2024, a reduction that

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Layoffs hit General Fusion as the fusion power startup runs short on cash

General Fusion laid off at least 25% of its employees last week, just days after hitting a key milestone for its latest fusion demonstration device. CEO Greg Twiney posted an open letter on the company’s website Monday saying that while its new LM26 device had been able to compress a plasma — something necessary for fusion

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