EPD Total LandscapingDec 19, 2022

Self-driving truck startup TuSimple reportedly laying-off hundreds this week.

https://www.reuters.com/business/autos-transportation/tusimple-plans-layoff-half-its-workforce-next-week-wsj-2022-12-17/

TuSimple plans to layoff half its workforce next week - WSJ

Self driving trucking company TuSimple Holdings Inc <a href="https://www.reuters.com/companies/TSP.O" target="_blank">(TSP.O)</a> plans to potentially cut half of its workforce next week, WSJ <a href="https://www.wsj.com/articles/tusimple-plans-layoffs-that-could-cut-at-least-half-its-workforce-next-week-11671245596?mod=latest_headlines" target="_blank">reported</a>.

Reuters
Show threadArtisan Loaf
@EricPaulDennis layoffs mean their work is done, right????
Dec 19, 2022 at 2:04pmWeb
Show threadEPD Total LandscapingDec 19, 2022
@artisanloaf not much confirmation in the reporting but it sounds like this is more cutting weight to try to run lean for awhile. I'm guessing the goal at this point is acquisition.