Self driving trucking firm TuSimple Holdings Inc designs to most likely lower half of its workforce subsequent 7 days, WSJ claimed.

The work minimize would likely have an affect on at the very least 700 workforce, the report explained citing people familiar with the issue.

TuSimple did not quickly react to a Reuters ask for for remark.

The probable layoffs occur following the self-driving truck startup eradicated its Chief Government Officer Xiaodi Hou in October following an investigation by its board which revealed some employees expended paid out several hours previous year doing the job for Hydron Inc, a startup operating on autonomous vans largely in China.

All through November, TuSimple reinstated its previous CEO Cheng Lu and eradicated 4 impartial directors and appointed co-founder and important shareholder Mo Chen as executive chairman of the board.