Autonomous driving technology company
TuSimple
is cutting staff in a bid to save money, preserve cash, and refocus the company headed into more difficult economic times.
The company (ticker: TSP) announced late Wednesday it is cutting about 25% of its employees, or about 350 people, to save $55 to $65 million annually. The company will have about 1,100 people when the restructuring is complete.
Source: https://www.barrons.com/articles/self-driving-startup-tusimple-cut-staff-restructuring-51671715893?siteid=yhoof2&yptr=yahoo