LeddarTech lays off employees due to failed discussions, financial strain. Unlikely to rehire furloughed.
In Quebec City, Canada on June 11, 2025, LeddarTech® Holdings Inc. (Nasdaq: LDTC), a renowned AI-powered software firm specializing in advanced driver assistance systems (ADAS) and autonomous driving (AD), declared a significant move. The company disclosed the termination of conversations with a key commercial partner and due to its financial standing, made the decision to lay off a majority of its workforce. Consequently, all employees who were previously on furlough will not be called back.
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