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  • Luminar to cut nearly 20% jobs as part of restructuring

    Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. As of December last year, the company had nearly 800 full-time employees in the U.S., Germany, Sweden, India and China. Luminar is also looking to sub-lease some of its facilities in portions or fully, reducing global footprint as part of the restructuring. The plan will be implemented immediately and lead to an...