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Hyundai-backed autonomous company Motional cuts 5% of workforce

Motional, the autonomous vehicle startup backed by Hyundai, is laying off about 5% of its workforce, according to sources.

Motional, the autonomous vehicle company borne out of a joint venture between Hyundai Moor Group and Aptiv, told employees Wednesday it will cut about 5% of its workforce, TechCrunch has learned. The cuts, which translate to less than 70 people, mostly affects administrative roles and some employees working in Boston, one of several cities where it tests autonomous vehicles, according to sources who asked to not be named because they are not authorized to speak for Motional. The layoffs come one month after automotive supplier Aptiv — the other half of a $4 billion joint venture with Hyundai that created Motional — said it would no longer allocate capital toward the endeavor.

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