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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meet The Forbes 30 Under 30 Asia Class Of 2023Meet this year’s cohort of 30 Under 30 Asia honorees whose collective creativity and determination inspire optimism despite unfavorable circumstances.
Read more »
30 Under 30 Asia 2023: Meet The Entrepreneurs Using AI To Streamline B2B TasksOver three years of Covid-19 lockdowns, Bo Zhiyuan saw demand surge for his collaborative workplace platform Qingflow as Chinese companies started using remote working tools. Now, Bo is one this year's ForbesU30Asia: Enterprise Technology listers.
Read more »
Meet The Scientists, Biotech And Healthcare Entrepreneurs On The 30 Under 30 Asia 2023 ListMeet Zhao Yaran, one of the young entrepreneurs on this year’s Forbes 30 Under 30 Asia: Healthcare & Science list who see opportunity in the biotechnology sector. ForbesUnder30 ForbesU30Asia
Read more »
30 Under 30: Meet Asia-Pacific’s Brightest Music And Sports Stars Of 2023Michael Cheung Tin-fu used to be a familiar face in Hong Kong’s busy underpasses. Now known as MC, Cheung is a rising star on the local Cantopop music scene and among the artists and athletes on the ForbesU30Asia 2023 list. ForbesUnder30
Read more »
Meet The Forbes 30 Under 30 Asia Class Of 2023Meet this year’s cohort of 30 Under 30 Asia honorees whose collective creativity and determination inspire optimism despite unfavorable circumstances.
Read more »
30 Under 30: Meet Asia-Pacific’s Brightest Music And Sports Stars Of 2023Michael Cheung Tin-fu used to be a familiar face in Hong Kong’s busy underpasses. Now known as MC, Cheung is a rising star on the local Cantopop music scene and among the artists and athletes on the ForbesU30Asia 2023 list. ForbesUnder30
Read more »