Autonomous vehicle technology firm Aurora Innovation announced on Wednesday that it has implemented a 3% workforce reduction as part of a reorganization effort.
As of the end of 2022, Aurora had 1,700 employees, according to the company’s securities filings. The restructuring aims to enhance efficiency as the company approaches its commercial launch.
Based in Pittsburgh, Aurora, which went public through a merger with a blank-check firm in 2021, focuses on developing technology for future self-driving trucks. The company has strategic partnerships with Continental AG (OTC:CTTAY) and Volvo (OTC:VLVLY) and plans to deploy its initial fleet of autonomous trucks on the streets later this year.
In a recent update, Aurora disclosed the completion of the design and architecture for the hardware of the Aurora Driver autonomous driving system. Continental is set to manufacture this hardware in 2027. The partnership with the German company positions Aurora to scale up the deployment of autonomous trucks following its planned initial launch of driverless vehicles at the end of 2024.