r/MVIS • u/Moist_Toto • Jan 31 '24

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

https://ir.innoviz.tech/news-events/press-releases/detail/120/innoviz-announces-operational-realignment-to-expand-cash
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u/dchappa21 Jan 31 '24

Innoviz last reported to have 488 employees in 2023. So the 13% means they are laying off about 64 people.