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Cruise, a General Motors-owned self-driving car company, is in crisis following an expanded safety probe. The company has announced layoffs, staff changes, and a suspension of its robotaxi service. Cruise has also decided to park its entire US fleet amid safety fears. The crisis has led to the suspension of the employee share buyback program, causing a significant drop in employee morale. The decision to suspend the employee share-selling program for the fourth quarter has resulted in potential losses of tens of thousands of dollars for employees, further lowering morale.
https://t.co/gomG4YjN9t Sources tell us that morale is low after Cruise decided to suspend its employee share buyback program for the fourth quarter.
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The robotaxi company is pausing all operations -- including manually-driven cars -- on public roads across the country. https://t.co/IeNvrDzv9S https://t.co/IeNvrDzv9S
Cruise told staff Thursday that the employee share-selling program for the fourth quarter is suspended. Sources we spoke to indicated they would be losing upwards of tens of thousands of dollars. https://t.co/sfGSqmVJKT https://t.co/xwCMnbuKDd
Cruise suspends employee stock program, corp bonuses moved up: https://t.co/WIwU7yRB5A by TechCrunch #infosec #cybersecurity #technology #news
Cruise Ends Stock Buybacks For Employees Amid Ongoing Safety Crisis https://t.co/hyJZcJ4hZM by @cfarivar
Cruise suspends employee stock program, corp bonuses moved up https://t.co/7ftAuYd6G7 by @rebeccabellan
Cruise Ends Stock Buybacks For Employees Amid Ongoing Safety Crisis https://t.co/QwtqGEfjpT
The move follows suspension of the companyβs robotaxi service and layoffs of contingent workers who helped run it. https://t.co/3rStSDQSlp https://t.co/HDikIabinV
BREAKING β Cruise Suspends Employee Share Program, Citing Need to Revalue the Business https://t.co/AqhnceEESF
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GM-owned Cruise said it will pause all public road operations, per CNBC.
Cruise parks entire US fleet over safety fears https://t.co/j6IE2dfM0T
Cruise is taking all its vehicles off public roads amid expanded safety probe, staff changes https://t.co/QHkXa5rZJF
Cruise is taking all its vehicles off public roads amid expanded safety probe, staff changes https://t.co/hXKrwv0jJp
Joby hopes its air taxis replace helicopters for urban transportation. https://t.co/A7P9NjQonN
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