Innoviz Technologies implements layoff strategy to optimize cost structure

In response to cash flow challenges and market competition, Innoviz Technologies, a lidar sensor and perception software company, has recently implemented a layoff strategy. Since the beginning of 2024, the company has carried out two rounds of layoffs, cutting 13% and 9% of its employees respectively, aiming to optimize the cost structure, improve operational efficiency, and extend cash flow to cope with market and financial difficulties.