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When TuSimple went public in 2021 it was flying high as the leading self-driving trucks developer in the United States. Now \u2014 after a string of internal controversies and the loss of a critical partnership with truck manufacturer Navistar \u2014 TuSimple is exiting the U.S. altogether.<\/p>\n
The publicly traded said in a regulatory filing Monday that it\u2019s laying off the majority of its U.S. workforce and selling assets here as it exits the country for Asia. About 150 U.S. workers, or 75% of staff in the country, will be laid off. The remaining 50 workers will wind down TuSimple\u2019s U.S. operations, including the sale of assets, and assist with the company\u2019s shift to the Asia-Pacific region, according to the filing.<\/p>\n
Once the restructuring is complete, TuSimple will have bout 700 full-time employees globally.<\/p>\n
With TuSimple\u2019s exit, few self-driving truck companies remain, including Aurora and Kodiak Robotics.<\/p>\n
A year ago, TuSimple was exploring a different business scenario. The company, already struggling with executive shakeups and a delisting warning, lost its partnership with Navistar<\/a> to co-develop autonomous trucks. About 25% of staff were laid off shortly after and TuSimple said it was in the process of selling off its Asia-focused business.<\/p>\n