Velodyne Lidar Layoffs
February 2023
Velodyne Lidar announced a layoff affecting 220 employees in February 2023. The company operates in the Transportation sector.
220
Feb 24, 2023
About
Velodyne Lidar, a San Jose-based provider of laser-based lidar technology for autonomous vehicles and other applications, laid off 220 employees in February 2023. These job cuts were part of a broader wave of nearly 600 Bay Area reductions announced by tech and life science firms at the time. The layoffs at Velodyne followed its recent merger with another lidar company, Ouster, as the combined entity streamlined operations. This move reflected ongoing consolidation and cost-cutting pressures within the competitive lidar and automotive technology industry.
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