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05:35","pubTimestamp":1727127300,"startTime":"0","endTime":"0","summary":"Luminar Technologies  said late Monday that it plans to cut 30% of its workforce, up from the 20% set out previously in a restructuring program announced May 3.The company said the increase accounts for \"additional actions\" planned under its restructuring plan.\"The additional actions associated with the 2024 restructuring plan are expected to begin immediately and be substantially complete by the end of 2025,\" the company said.Luminar estimates it will incur about $4 million to $6 million in additional cash charges associated with severance and related employee costs. The charges will likely show in the company's Q3 and Q4 financial statements.Shares of the company rose 3.9% in after-hours activity.Price: 0.7940, Change: +0.01, Percent Change: +1.79","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4562","BK4551","BK4537","LAZR","BK4124"],"gpt_icon":0},{"id":"2469175066","title":"Luminar Technologies reduces workforce by 30% this year","url":"https://stock-news.laohu8.com/highlight/detail?id=2469175066","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2469175066?lang=en_us&edition=fundamental","pubTime":"2024-09-24 05:29","pubTimestamp":1727126964,"startTime":"0","endTime":"0","summary":"Sept 23  - Luminar Technologies   , a maker of lidar sensors for self-driving cars, said on Monday it has cut about 30% of its workforce since the beginning of 2024, from the previously announced 20%, as part of a restructuring plan.   The new staff reduction will result in about $4 million to $6 million in additional cash charges to be incurred primarily in the third and fourth quarters of 2024, Luminar said in a filing.   In May, Luminar had said that along with the 20% layoffs, it is also looking to sub-lease some of its facilities in portions or fully, reducing its global footprint as part of the restructuring.   As of December 2023, the company had nearly 800 full-time employees in the U.S., Germany, Sweden, India and China.   Lidar sensors, considered a key component into achieving full autonomy in vehicles, help self-driving cars and driver-assistance systems gain a three-dimensional map of the road. ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4551","LAZR","BK4124","BK4537","BK4562"],"gpt_icon":0},{"id":"2469317860","title":"BRIEF-Luminar  On September 20, Announced Additional Actions Under 2024 Restructuring Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2469317860","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2469317860?lang=en_us&edition=fundamental","pubTime":"2024-09-24 04:44","pubTimestamp":1727124271,"startTime":"0","endTime":"0","summary":"Luminar Technologies Inc   :   * LUMINAR:  ON SEPTEMBER 20, ANNOUNCED ADDITIONAL ACTIONS UNDER 2024 RESTRUCTURING PLAN   * LUMINAR - ESTIMATES IT WILL INCUR ABOUT $4 MILLION TO $6 MILLION IN ADDITIONAL CASH CHARGES ASSOCIATED WITH RESTRUCTURING PLAN   * LUMINAR: CHARGES EXPECTED TO BE INCURRED PRIMARILY IN THIRD & FOURTH QUARTERS OF 2024Source text for Eikon:    Further company coverage:","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4124","BK4562","LAZR","BK4551","BK4537"],"gpt_icon":0},{"id":"2469178464","title":"Luminar Technologies Raises Number of Jobs to Be Cut Under Restructuring Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2469178464","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2469178464?lang=en_us&edition=fundamental","pubTime":"2024-09-24 04:44","pubTimestamp":1727124240,"startTime":"0","endTime":"0","summary":"Luminar Technologies said it's restructuring its operations through additional layoffs.The maker of sensors and software used for safety and autonomous-driving features on Monday said that it expects to reduce its workforce by 30% by the end of the year when compared with its early 2024 total headcount.The company had initially guided for a 20% cut to its workforce.Luminar Technologies said that its latest restructuring move will result in additional cash charges of $4 million to $6 million. These charges are set to be incurred primarily in the third and fourth quarters of 2024.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4537","BK4124","BK4562","BK4551","LAZR"],"gpt_icon":0},{"id":"2469212063","title":"Luminar:  on September 20, Announced Additional Actions Under 2024 Restructuring Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2469212063","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2469212063?lang=en_us&edition=fundamental","pubTime":"2024-09-24 04:26","pubTimestamp":1727123182,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20240923:nFWN3L50QP:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4124","BK4562","LAZR","BK4551","BK4537"],"gpt_icon":0},{"id":"2469206651","title":"Luminar: Charges Expected to Be Incurred Primarily in Third & Fourth Quarters of 2024","url":"https://stock-news.laohu8.com/highlight/detail?id=2469206651","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2469206651?lang=en_us&edition=fundamental","pubTime":"2024-09-24 04:26","pubTimestamp":1727123182,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20240923:nFWN3L50QP:3","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4562","BK4537","LAZR","BK4551","BK4124"],"gpt_icon":0},{"id":"2469173529","title":"Luminar: Restructuring Plan Represents Cumulative Reduction in Workforce of About 30% Since Beginning of 2024","url":"https://stock-news.laohu8.com/highlight/detail?id=2469173529","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2469173529?lang=en_us&edition=fundamental","pubTime":"2024-09-24 04:26","pubTimestamp":1727123182,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20240923:nFWN3L50QP:4","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4537","BK4124","BK4562","BK4551","LAZR"],"gpt_icon":0},{"id":"2469120631","title":"Luminar - Estimates It Will Incur About $4 Mln to $6 Mln in Additional Cash Charges Associated With Restructuring Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2469120631","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2469120631?lang=en_us&edition=fundamental","pubTime":"2024-09-24 04:26","pubTimestamp":1727123182,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20240923:nFWN3L50QP:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4537","BK4562","BK4551","BK4124","LAZR"],"gpt_icon":0},{"id":"2468658624","title":"Luminar Technologies, Inc. (LAZR) Stock Slides as Market Rises: Facts to Know Before You Trade","url":"https://stock-news.laohu8.com/highlight/detail?id=2468658624","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2468658624?lang=en_us&edition=fundamental","pubTime":"2024-09-20 06:15","pubTimestamp":1726784120,"startTime":"0","endTime":"0","summary":"The latest trading session saw Luminar Technologies, Inc.  ending at $0.79, denoting a -0.03% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 1.7% for the day. On the other hand, the Dow registered a gain of 1.26%, and the technology-centric Nasdaq increased by 2.51%.The the stock of company has fallen by 18.92% in the past month, lagging the Auto-Tires-Trucks sector's gain of 2.47% and the S&P 500's gain of 1.27%.Market participants will be closely following the financial results of Luminar Technologies, Inc. in its upcoming release. On that day, Luminar Technologies, Inc. is projected to report earnings of -$0.16 per share, which would represent year-over-year growth of 23.81%. Simultaneously, our latest consensus estimate expects the revenue to be $18.23 million, showing a 7.49% escalation compared to the year-ago quarter.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Lum","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/w.ILboV799eZj6zbyZJ3SQ--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/5ecaf2a9bf082a5f3a554e6526b34be0","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/w.ILboV799eZj6zbyZJ3SQ--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/5ecaf2a9bf082a5f3a554e6526b34be0"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/luminar-technologies-inc-lazr-stock-221520840.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4551","LAZR","BK4124","BK4537","BK4562"],"gpt_icon":0}],"pageSize":16,"totalPage":6,"pageCount":6,"totalSize":91}]}}