Why LeddarTech is laying off 95% of staff - Automotive News\n==============\nOpen main menu Search Log in Sign In LeddarTech lays off 95% of staff amid cash crunch ================================================= Gift Article Share Expand Talks for additional financing are ongoin but have not yet yielded results, LeddarTech said May 20. (LEDDARTECHVX) By: David Kennedy May 21, 2025 01:26 PM Talks for additional financing are ongoin but have not yet yielded results, LeddarTech said May 20. (LEDDARTECHVX) LeddarTech Holdings Inc. said May 20 that it had laid off 138 staff, representing 95 per cent of its workforce, as the company buys time for ongoing talks with its creditors.

LeddarTech lays off 95% of staff amid cash crunch

LeddarTech Holdings Inc. announced a 95% staff layoff, affecting 138 employees, as the company seeks additional financing to address its cash crunch. Ongoing talks with creditors have not yet produced results.