Luminar Technologies avoids Nasdaq delisting, lays off 30% of staff – WFTV Orlando
Luminar Technologies, a company listed on the Nasdaq, has managed to avoid being delisted. However, in order to cut costs, they have decided to lay off 30% of their staff. This move comes as the company faces financial challenges and looks to streamline their operations. The layoffs will impact a significant portion of their workforce, but Luminar hopes that this decision will help them stay afloat during these difficult times.