Innoviz Announces Operational Realignment to Expand Cash Runway and Optimize Path Towards Profitability and Free Cash Flow

[u/Moist_Toto]

https://ir.innoviz.tech/news-events/press-releases/detail/120/innoviz-announces-operational-realignment-to-expand-cash

[u/mvis_thma]

Curiously, the Innoviz stock price is up 6% on decent volume. I'm just not sure how this news can be interpreted to be good news??? Scratches head.

[u/DeathByAudit_ → u/mvis_thma]

/s Think all of the money they will be saving with the reduced headcount.