Motional Layoffs

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In February 2024, Motional, an autonomous vehicle company formed as a joint venture between Hyundai and Aptiv, laid off approximately 5% of its workforce, affecting fewer than 70 employees. The cuts primarily targeted administrative and non-technical roles, with a notable impact in Boston. This reduction, representing the company's second round of layoffs since late 2022, follows Aptiv's decision to cease future capital allocation to the venture, leaving Hyundai as the primary backer. Motional stated the move was part of a resource reallocation to focus on long-term commercial success, including scaling its driverless taxi services and developing next-generation robotaxis, while continuing to hire for critical technical roles. The company operates in the competitive autonomous vehicle industry and had previously indicated funding runway through the end of the first quarter of 2024.

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