Thursday, May 18, 2023

TuSimple Axes 30 Percent Of Staff

San Diego-based autonomous driving technology developer TuSimple said this morning that it has cut 30 percent of its global workforce, as part of a restructuring of the company. The company said it only made cuts in the US. TuSimple did not say how many people were affected. The company also said it is no longer seeking "strategic alternatives" for its Asia Pacific subsidiaries. TuSimple has been facing stock delisting after failing to file its quarterly reports on time. The company is also under investigation by the SEC.