TuSimple Slashes Workforce 25% in Sweeping Restructuring – Caixin Global
Whats new: Nasdaq-traded self-driving truck startup TuSimple Holdings Inc. plans to slash its workforce by 25% as part of a broader business restructuring, the company said. TuSimple said the plan would affect 350 workers as the company seeks to elevate its capital efficiency. After the layoffs, TuSimples workforce will decline to about 1,100, 80% of…