The Quebec City-based maker of autonomous-driving technology said it will lay off 138 workers across all its offices. It hopes to buy time to either restructure its debt, sell itself or seek creditor protection, according to a press release. (The Logic)

Talking point: LeddarTech failed to reach a financing or debt relief deal by late Tuesday, and its May 23 deadline to raise US$9.7 million is nearing. The layoffs, the software company said, will preserve cash as negotiations persist. The firm is backed by BDC and counts Investissement Québec among its lenders, with offices in Montreal, as well as Israel, Italy, Germany, France, mainland China and Hong Kong. Even as bigger companies like Nvidia show more interest in autonomous driving, some smaller startups like LeddarTech, Ghost Autonomy and Quanergy have struggled to commercialize the expensive and early-stage computer vision technology used in many self-driving cars.