From Yahoo Finance: 2025-05-21 09:26:00

LeddarTech Holdings Inc. laid off 138 staff, representing 95% of its workforce, as talks for additional financing continue. The layoffs are temporary and affect all departments in Quebec City, Montreal, and Tel Aviv. Seeking creditor protection under the Companies’ Creditors Arrangement Act is a possibility. LeddarTech transitioned to autonomous vehicle software in 2022, relying on AI and computer-vision algorithms. The company faces dwindling cash reserves and reported a $16 million loss for the second quarter of 2025. A $10 million licensing agreement with Texas Instruments provided temporary relief, but cash reserves are low.



Read more at Yahoo Finance: LeddarTech lays off 95% of staff amid cash crunch