Self-Driving Truck Startup TuSimple Winds Down U.S. Operations

What’s new: Autonomous trucking startup TuSimple Holdings Inc. announced plans to cut 75% of its workforce in the United States as the company moves to wind down its American operations and focus on the Asia market.

According to a filing with the U.S. Securities and Exchange Commission (SEC), Nasdaq-listed TuSimple said it will lay off 150 employees or 75% of its U.S. staff. The reduction brings its global workforce down to 700 full-time employees, about half of its workforce last year.