Autonomous driving company Momenta starts layoffs while increasing investment in technology research and development

It is reported that the autonomous driving company Momenta has recently started layoffs, and the layoff rate is expected to reach 10% or more. At present, the technical department has not been affected. For the laid-off employees, the company will provide compensation according to the N+1 standard. Momenta said that the layoffs were to make normal organizational adjustments according to business development, focus on core business and customer delivery, and improve operating efficiency. Despite the pressure of layoffs, Momenta is still actively recruiting technical talents, especially high-level intelligent driving core technical talents in the fields of algorithms, model training and maps.