TuSimple plans to layoff half its workforce next week - WSJ

CreateAl Holdings

17/12/2022 03:19

Dec 16 (Reuters) - Self driving trucking company
TuSimple Holdings Inc  TSP.O  plans to potentially cut half of
its workforce next week, WSJ reported. 
    The job cut would likely affect at least 700 employees, the
report said citing people familiar with the matter. 
    TuSimple did not immediately respond to a Reuters request
for comment.
    The potential layoffs come after the self-driving truck
startup removed its Chief Executive Officer Xiaodi Hou in
October following an investigation by its board which revealed
some employees spent paid hours last year working for Hydron
Inc, a startup working on autonomous trucks mostly in China. 
    During November, TuSimple reinstated its former CEO Cheng Lu
and removed four independent directors and appointed co-founder
and major shareholder Mo Chen as executive chairman of the
board. 
 (Reporting by Sneha Bhowmik in Bengaluru; Editing by Michael
Perry)
 ((Sneha.Bhowmik@thomsonreuters.com;))