Boston, Massachusetts-based Motional, an autonomous vehicle company founded in March as a joint venture between automaker Hyundai Motor Group and auto supplier Aptiv, has announced a restructuring program that winding down operations at several locations and a 40% reduction in the company's workforce as the company pauses commercial operations and delaying plans to launch a robotaxi service using next-gen Hyundai Ioniq 5 robotaxis.
The personnel adjustment will impact 550 employees.
According to a company spokesperson, “We’ve updated our strategic plan to focus resources on the continued development and generalization of our core driverless technology, while de-emphasizing near-term commercial deployments and ancillary activities. This updated strategy requires a streamlining of our teams, resulting in a reduction in staff across all functions of the business. The team members leaving Motional have our deepest appreciation for their contributions to our goals.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?