Over 40% of employees, approximately 550 individuals, reportedly faced termination in a recent corporate restructuring, according to sources.

Quick Summary:

Until this week, Motional had been running robotaxi rides in Las Vegas on the Uber and Lyft networks and delivering to Uber Eats customers in Santa Monica.

Employees who worked in testing, product, safety, cybersecurity and legal teams were also affected. In a statement, the company noted that all functions of the business received staff cuts.

The layoffs at Motional are a sign of a much bigger problem in the autonomous vehicle industry, as fewer companies are able to keep spending billions of dollars on a technology that is far from ready for prime time and even further away from breaking even.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesIndia

Topics: Autonomous vehicles Motional Transportation Layoffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-10 @ 23:30:30 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1460 words

Reading Time: 9 minutes read

Sentences: 62 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20933622

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