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

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. As part of the restructuring, at least 147 people will lose their jobs. Luminar has at least 730 employees based in the…