TuSimple Holdings Inc. TSP, +14.45%, an autonomous trucking company, announced on Thursday that the board of directors had approved a “additional reorganization plan” which will result in the elimination of about 300 jobs or 30% of the workforce. TuSimple, in an early morning filing to the Securities and Exchange Commission, said that after the layoffs the company will have approximately 750 full-time equivalent employees. revealed a previous restructuring plan that was disclosed in December 2022. At the time, the company said it expected 350 jobs to be cut. TuSimple’s shares fell 8% during Thursday morning premarket trading. The company discussed the recent delisting notification by Nasdaq, as TuSimple was not able to submit its March-quarter 10Q on time. The Notice stated that the Company would be delisted from Nasdaq if it were to fail to file its March-quarter 10-Q on time. TuSimple will present their views regarding this additional delinquency at the hearing scheduled by the Nasdaq Hearings Panel for Tuesday, June 22. Shares of the company have fallen 84% in the last 12 months.