Ouster (OUST) Announces Cost Reduction Plan

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Go back to Ouster (OUST) Announces Cost Reduction Plan

Ouster Streamlines Cost Structure to Bolster Path to Profitability

September 20, 2022 6:30 AM EDT

Reduces spend across the business by over 15%

Reduces headcount by approximately 10%

Suspends sales of common stock through ATM

SAN FRANCISCO--(BUSINESS WIRE)-- Ouster, Inc. (NYSE: OUST) (Ouster or the Company), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced... More