Self-driving truck company TuSimple to lay off 25% of workforce

Self-driving truck company TuSimple to lay off 25% of workforce

An AV truck is parked in a TuSimple facility at AllianceTexas, a 27,000 acre business complex boasting some of the country’s largest freight operations, in Fort Worth, Texas, U.S., May 18, 2022. REUTERS/Cooper Neill

TuSimple Holdings Inc said on Wednesday it will lay off 25% of its workforce, or nearly 350 employees, as the self-driving truck company seeks to chart a course out of the economic upheaval that has been raging throughout the year.