Autonomous trucking company TuSimple Holdings Inc. announced Thursday that its board of directors has approved an “additional restructuring plan” that will...
Autonomous trucking company TuSimple Holdings Inc. TSP announced Thursday that its board of directors has approved an “additional restructuring plan” that will mean the elimination of 300 jobs, or about 30% of the company’s workforce. After the layoffs, the company expects to have about 750 full-time-equivalent employees, TuSimple said in a morning filing with the Securities and Exchange Commission.
After the layoffs, the company expects to have about 750 full-time-equivalent employees, TuSimple said in a morning filing with the Securities and Exchange Commission. The company disclosed a prior restructuring plan in December 2022 that it said at the time was expected to bring the reduction of 350 jobs. TuSimple shares were off 8% in Thursday’s premarket trading.
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