Momenta launches large-scale layoffs, sparking speculation in the industry about its future

According to the latest news, Momenta, a leading company in the autonomous driving industry, has recently launched a large-scale layoff. It is reported that the layoffs are mainly concentrated in the company's functional departments, with a proportion of up to 30% to 50%. The laid-off employees have all received N+1 standard compensation. At present, Momenta's technical department has not been affected, and is still working hard to ensure mass production and delivery with Great Wall, overseas and other customers. However, this year Great Wall Motors suddenly turned to adopt Yuanrongqixing's urban NOA solution and quickly announced the opening of cities across the country at the Guangzhou Auto Show, which put Momenta, which has not been able to achieve urban NOH, in an embarrassing situation. Although Momenta launched three cost-effective intelligent assisted driving products last year, speculation and doubts about its prospects in the industry are still endless.