Velodyne Moves Production Overseas, Lays Off 140 Employees

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Bloomberg reports that Velodyne Lidar was sued for laying off 140 workers with one day’s notice. Velodyne was expected to provide 60 days notice, but instead told employees in a written notice they were being let go because of the pandemic. The ex-employees complaint claims that “had already begun transferring production jobs overseas beginning in the summer of 2019 and had planned to continue doing so prior to the outbreak of Covid-19.

It appears to be another indication that LiDAR Mega-factory project in San Jose does not go well. Just a year ago, David Hall, Velodyne Founder and then-CEO, said "San Jose has a large and available skilled labor force that, while not price competitive with anywhere in Asia, does a higher quality job than we would get by assembling the units elsewhere."

Silion Valley Business Journal: Velodyne is valued at about $1.8b after raising about $225M from investors including Nikon, Ford, and Baidu.

Update: The Register publishes the lawsuit document.

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