Lidar company Luminar reached a deal with Yorkville Advisors Global and another unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs. Earlier this month, […]
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024.
Luminar, the lidar company founded by recently replaced CEO Austin Russell, is going through another restructuring, according to a recent regulatory filing. This new round of layoffs, which the company did not provide figures for, follows extensive cuts to the workforce in 2024. Luminar cut about 30% of its workforce in 2024, a reduction that […]
Welcome back to Week in Review! We’ve got tons of news for you this week, including a hack at Coinbase; YC thinks Google is a ‘monopolist’; layoffs at Microsoft; and much more. Have a great weekend! Uh-oh: Coinbase says that customers’ personal information, including government-issued IDs, was stolen in a data breach. The hackers demanded […]
Microsoft’s Washington layoffs hit coders hardest as the tech giant embraces AI.