Home Truck News TuSimple to wind down U.S. operations - Truck News

TuSimple to wind down U.S. operations – Truck News

Autonomous truck maker TuSimple has announced it will reduce its U.S. workforce by about 150 positions, or 75%, and wind down U.S. operations.

As part of its restructuring it will focus on the Asia-Pacific region and explore a sale of its U.S. assets.

The decision, outlined in a Securities and Exchange Commission filing Dec. 4, was made during a Nov. 30 board meeting. The job losses total 19% of its global workforce, which will number about 700 employees after the move.

TuSimple at trade show
(Photo: James Menzies)


Credit: Source link

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