CreateAI, once a self-driving star known as TuSimple, cuts 100 people in Guangzhou
CreateAI, formerly known as TuSimple, is laying off approximately 100 employees in Guangzhou and preparing for dissolution and liquidation of its Guangzhou subsidiary. The company, which delisted from the Nasdaq last year after going public in 2021, informed employees of the decision via email on Monday, following forced leave for "internal investigations" last week.
The layoffs come shortly after CreateAI rebranded and shifted its focus from self-driving technology to video game and film production, a move made in response to internal disputes and the high costs associated with autonomous driving development. Employees have also reported not receiving their January salaries and being offered minimal compensation in exchange for signing a resignation agreement, leading to widespread dissatisfaction and a refusal to sign.
via SCMP Full Text Feed
CreateAI, formerly known as TuSimple, is laying off approximately 100 employees in Guangzhou and preparing for dissolution and liquidation of its Guangzhou subsidiary. The company, which delisted from the Nasdaq last year after going public in 2021, informed employees of the decision via email on Monday, following forced leave for "internal investigations" last week.
The layoffs come shortly after CreateAI rebranded and shifted its focus from self-driving technology to video game and film production, a move made in response to internal disputes and the high costs associated with autonomous driving development. Employees have also reported not receiving their January salaries and being offered minimal compensation in exchange for signing a resignation agreement, leading to widespread dissatisfaction and a refusal to sign.
via SCMP Full Text Feed
