San Francisco, Dec 20 TuSimple, a US-based autonomous trucking firm, is reportedly planning to chop doubtlessly no less than half of its workforce subsequent week.
In response to The Wall Avenue Journal, individuals conversant in the matter mentioned that the corporate plans to put off its staff because it scales again efforts to construct and check autonomous truck-driving programs.
Individuals additionally cited that the cuts might go deeper and a workers discount of that dimension would probably have an effect on no less than 700 staff.
As of June, TuSimple had 1,430 full-time staff globally.
TuSimple President and Chief Government Cheng Lu had mentioned that he meant “to proper the ship, and this consists of guaranteeing the corporate is capital environment friendly”, in accordance with the report.
Earlier this month, Lu despatched an e mail to workers that mentioned administration was reviewing “our individuals bills, the largest a part of our money burn”.
He suggested staff to “consider the duty at hand”, mentioned the report.
Final week, Israeli cell video games firm Playtika laid off 15 per cent of its workforce, or about 615 staff, throughout Europe, Israel and the US.
Final month, Carvana, a US-based on-line used automotive retailer, laid off about 1,500 staff, or 8 per cent of its workforce, because it makes an attempt to chop prices amid weakening demand for used vehicles on the again of rising rates of interest.
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