TuSimple plans to layoff half its workforce subsequent week


© Reuters. FILE PHOTO: TuSimple truck-trailers are parked at their facility at AllianceTexas, a 27,000 acre enterprise advanced boasting a number of the nation’s largest freight operations, in Fort Price, Texas, U.S. Might 18, 2022. REUTERS/Cooper Neill


(Reuters) – Self driving trucking firm TuSimple Holdings Inc plans to probably reduce half of its workforce subsequent week, WSJ reported.

The job reduce would probably have an effect on at the least 700 workers, the report stated citing folks aware of the matter.

TuSimple didn’t instantly reply to a Reuters request for remark.

The potential layoffs come after the self-driving truck startup eliminated its Chief Government Officer Xiaodi Hou in October following an investigation by its board which revealed some workers spent paid hours final 12 months working for Hydron Inc, a startup engaged on autonomous vehicles largely in China.

Throughout November, TuSimple reinstated its former CEO Cheng Lu and eliminated 4 impartial administrators and appointed co-founder and main shareholder Mo Chen as government chairman of the board.

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