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TuSimple, the US autonomous driving technology company, announced a significant decision on May 19th. The company plans to restructure its U.S. operations and lay off 30% of its workforce. It is reported that the layoffs will affect about 300 employees, accounting for 30% of its total employees. This reorganization does not change TuSimple’s strategy of continuing to focus on the development of autonomous vehicles.
According to ITBEAR Technology Information, TuSimple is an artificial intelligence company established in 2015 and is committed to the research, development and application of autonomous driving technology. The company provides low-cost, commercially available autonomous driving solutions based on computer vision, focusing on building L4 level (SAE) autonomous trucks in high-speed scenarios. TuSimple has been testing self-driving trucks on U.S. streets and highways for several years.
It is understood that this is the second time TuSimple has reorganized in the past five months. In December last year, the company announced that it would lay off about 350 people. This layoff decision is to adapt to changes in market demand and business development and further adjust the organizational structure.
Although its presence in the U.S. market is important, TuSimple believes that it has greater long-term success potential in the Chinese market. In fact, TuSimple has successfully deployed self-driving trucks on public roads in China and received a huge investment of US$1 billion from Chinese investors. This move also further demonstrates TuSimple’s emphasis on the Chinese market and its development strategy.
TuSimple will continue to be committed to researching and innovating autonomous driving technology to promote the further development of autonomous vehicles. Even after experiencing some difficulties and changes, TuSimple is still firmly pursuing the goal of autonomous driving.
To sum up, TuSimple announced the restructuring of its U.S. business and laid off 30% of its employees. The company will continue to focus on developing autonomous vehicles and views the Chinese market as a region with greater potential for long-term success. TuSimple has demonstrated flexibility and determination in responding to market changes and business needs, and this decision reflects their ability to act.
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