LeddarTech, a Québec City-based autonomous vehicle software provider, laid off approximately 138 employees, representing about 95% of its workforce, as it faced severe financial distress. The company, which had around 145 total employees, made the cuts in a desperate attempt to preserve cash and avoid defaulting on its credit facility with Desjardins. Despite briefly recalling some staff after a temporary agreement with lenders in early June 2025, negotiations with a key commercial partner collapsed, leading to the decision not to reinstate any furloughed workers. With only $4.1 million CAD left by May 8 and unable to meet critical funding deadlines, LeddarTech announced its intention to file for bankruptcy on June 17, 2025, after failing to secure a buyer, partner, or new investment, effectively ending its active operations in the competitive auto tech industry.
