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Luminar Experiencing A Downturn in Autonomous Vehicles Appeal, Cuts 20% Jobs in Extensive Production Restructuring

The company recently announced shipments of its next-generation laser sensors to Volvo. It stated that it will shift towards an "asset light" business model, outsourcing more of its production to partners. At least 147 positions will be eliminated. Read more. ....

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Another round of debt restructuring talks with ad hoc group of bondholders - Breaking News

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SL could open up vehicle imports in 4Q upon debt restructuring completion - Business News

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Google Implements Further Restructuring, Slashes Hundreds of "Core" Employees, Relocating Some to India and Mexico

Google's Vice President of Developer Ecosystem emailed his team about the layoffs, labeling them the most significant planned reduction for his team this year. Read more. ....

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Behind KVS Manian's sudden exit from Kotak Mahindra Bank

Manian s departure has left banking industry executives in shock, especially as the newly elevated joint managing director, who once was in consideration for the top job, had been willing to serve a notice period ....

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