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Luminar, maker of lidar for autonomous driving, lays off 20 percent of its workforce

The company is outsourcing its production to its partners.

Luminar, which makes lidar sensors for autonomous driving systems, announced today plans to lay off 20 percent of its workforce amid a broader restructuring of its production process. The company, which just announced shipments of its next-generation laser sensors to Volvo, said that it will transition to an “asset light” business model that will see more of its production outsourced to its partners. Luminar has inked deals to sell its lidar to Mercedes-Benz, Volvo, Audi, Toyota Research Institute, Intel’s Mobileye, Airbus, and two Chinese companies: automaker SAIC and AV operator Pony.ai.

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