Second Wave of Layoffs: Innoviz Technologies Trims Workforce by 9% Amid Financial Pressures
Israeli lidar manufacturer Innoviz Technologies announces its second round of workforce reductions in a year, cutting 9% of its staff to focus on high-return projects and financial stability. Despite striking deals with big names like Volkswagen and Mobileye, the company faces financial hurdles and pressure to pivot towards profitable endeavors.
Feb 4