Luminar Technologies enters forbearance agreements, announces CFO departure and workforce reduction
NegativeFinancial Markets

Luminar Technologies is facing significant challenges as it enters forbearance agreements, signaling financial distress. The company has also announced the departure of its CFO and a reduction in workforce, which raises concerns about its future stability. These changes are crucial as they reflect the company's struggle to navigate a tough market, impacting employees and investors alike.
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