This is the second large-scale layoff at Motional this year. The layoffs mainly affect software-related positions in Pittsburgh. Multiple functional teams have been streamlined.
Motional is currently facing an operating loss of $1.47 billion. Aptiv has decided to stop investing in Motional to cut losses, reducing its stake in the company to about 15%, while Hyundai Motor Group has chosen to increase its investment, raising its stake to 66.8%.
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