Luminar is cutting jobs, losing its CFO, and warning of a cash shortage
1. Luminar warns shareholders of potential cash depletion by early 2026. 2. The workforce will be cut by 25% as part of cost-saving measures. 3. Luminar's CFO is resigning, effective November 13, without disputes indicated. 4. Lower sensor sales to Volvo have worsened the company's financial outlook. 5. Luminar skipped interest payments and may breach loan terms soon.