Luminar reviews

Growing pains! Every aggressively growing company has them, and we are not the exception. While growing pains are not necessarily a bad thing, it is if the reasons are not communicated effectively with the rest of the staff. What worked yesterday may not work today and that is ok as long as it is shared and understood by the masses. In order to be successful in a start-up you have to be a chameleon, you have to be able to grow and shift as the company grows and shifts and if you are not used to this, you can feel left behind.

Senior management (CEO specifically) was inexperienced with capital management, they were spending money like drunken sailors. Fat compensation packages to some executives, lavish parties where people were flown across the continent and stayed in expensive hotels, etc. May 2024 layoffs made very little business sense, e.g. they could have split the sw division into a subsidiary and sold a stake in it to get money they needed. Instead they fired a lot of very talented and experienced people, essentially in one day destroying years and years of progress. This was an extremely bad business decision. The execution of Iris sensor roadmap was an example of incompetence and inexperience. CEO was pretty much absent from day-to-day processes and decisions, only showed up for a quarterly update meeting.