Just two days after announcing that it would gradually rehire some workers, the Quebec City-based company said Wednesday that it has again laid off most of its employees after talks ceased on a significant commercial deal. It said it does not expect to resume active operations. (The Logic)
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Just two days after announcing that it would gradually rehire some workers, the Quebec City-based company said Wednesday that it has again laid off most of its employees after talks ceased on a significant commercial deal. It said it does not expect to resume active operations. (The Logic)
Talking point: It has been a rollercoaster week for the company, which makes autonomous driving technology for vehicles. On Monday, LeddarTech reached a last-minute deal with a group of lenders including Desjardins that it hoped would help it rehire some of its 138 laid-off staffers. The bridge financing was meant to keep the company afloat as it sought either investors or buyers for its technology. With Wednesday’s news, LeddarTech warned that its stockholders may get little to no value if it pursues insolvency proceedings.
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