It's been a tough seven days for autonomous trucking startups. Last week, Kodiak Robotics laid off more than a dozen employees. And now Ike, another startup aiming to automate long-haul trucking, has laid off 14% of its staff, the Information reported on Wednesday. Exactly how many employees were impacted is unclear.Like many transportation companies that have laid off workers in recent weeks, Ike cited the pandemic as the proximate cause of the layoffs."With the uncertainty caused by the COVID-19 crisis, we have made some changes to our team in the interest of ensuring Ike's long term success," the company said in an emailed statement to FreightWaves."The people we let go were valued colleagues who contributed to our product and culture, and we are working hard to help them find new roles while providing them with several months of severance and other support."Founded by veterans of Apple Inc. (NASDAQ: AAPL), Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) and Uber Technologies, Inc. (NYSE: UBER) self-driving truck program, Ike took a slower, steadier approach to getting self-driving trucks on the road. The startup, named to FreightWaves' FreightTech 25 list of most innovative companies this year, is one of the few in the space that are not testing its vehicle on public roads. Last year, the company made waves by releasing a safety self-assessment before operating in the public realm.The layoffs will not change Ike's game plan, according to the statement."We have spent the last 18 months building a strong foundation for a real automated trucking product," the company said. "We remain confident in our team, our unique technical advantages, and our strategy informed by hard earned experience. We are continuing to invest in product development with our industry partners, and have a long runway to see through our vision for making trucks safer, truckers more valued, and trucking more productive."The climate for self-driving vehicle startups has changed dramatically over the past year, as VC firms take a more cautious approach to investing and uncertainty increases as to when autonomous cars and trucks will be safe enough to operate in cities and on highways.In February, self-driving trucking firm Starsky Robotics shut down after failing to raise additional venture capital.Image: Ike Robotics See more from Benzinga * Daimler Trucks Cautiously Resumes US Production * Landstar Saw Market Deteriorate In Last Week Qf Quarter, Issues No 2Q Guidance * CSX First-Quarter Net Profit Falls But Operating Ratio Reaches Record(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Read More...
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="It's been a tough seven days for autonomous trucking startups. Last week,
Kodiak Robotics laid off more than a dozen employees. And now
Ike, another startup aiming to automate long-haul trucking, has laid off 14% of its staff, the Information reported on Wednesday. Exactly how many employees were impacted is unclear.” data-reactid=”19″>It’s been a tough seven days for autonomous trucking startups. Last week,
Kodiak Robotics laid off more than a dozen employees. And now
Ike, another startup aiming to automate long-haul trucking, has laid off 14% of its staff, the Information reported on Wednesday. Exactly how many employees were impacted is unclear.
Like many transportation companies that have laid off workers in recent weeks, Ike cited the pandemic as the proximate cause of the layoffs.
“With the uncertainty caused by the COVID-19 crisis, we have made some changes to our team in the interest of ensuring Ike’s long term success,” the company said in an emailed statement to FreightWaves.
“The people we let go were valued colleagues who contributed to our product and culture, and we are working hard to help them find new roles while providing them with several months of severance and other support.”
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Founded by veterans of Apple Inc. (NASDAQ: AAPL), Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) and Uber Technologies, Inc. (NYSE: UBER) self-driving truck program, Ike took a slower, steadier approach to getting self-driving trucks on the road. ” data-reactid=”23″>Founded by veterans of Apple Inc. (NASDAQ: AAPL), Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) and Uber Technologies, Inc. (NYSE: UBER) self-driving truck program, Ike took a slower, steadier approach to getting self-driving trucks on the road.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The startup, named to FreightWaves’ FreightTech 25 list of most innovative companies this year, is one of the few in the space that are not testing its vehicle on public roads. Last year, the company made waves by releasing a safety self-assessment before operating in the public realm.” data-reactid=”24″>The startup, named to FreightWaves’ FreightTech 25 list of most innovative companies this year, is one of the few in the space that are not testing its vehicle on public roads. Last year, the company made waves by releasing a safety self-assessment before operating in the public realm.
The layoffs will not change Ike’s game plan, according to the statement.
“We have spent the last 18 months building a strong foundation for a real automated trucking product,” the company said.
“We remain confident in our team, our unique technical advantages, and our strategy informed by hard earned experience. We are continuing to invest in product development with our industry partners, and have a long runway to see through our vision for making trucks safer, truckers more valued, and trucking more productive.”
The climate for self-driving vehicle startups has changed dramatically over the past year, as VC firms take a more cautious approach to investing and uncertainty increases as to when autonomous cars and trucks will be safe enough to operate in cities and on highways.
In February, self-driving trucking firm Starsky Robotics shut down after failing to raise additional venture capital.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Image: Ike Robotics” data-reactid=”30″>Image: Ike Robotics
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="See more from Benzinga” data-reactid=”32″>See more from Benzinga
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.” data-reactid=”37″>© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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