TuSimple Holdings Inc. stated Wednesday it’s going to lay off 25 p.c of its workforce, or almost 350 staff, because the self-driving truck firm seeks to chart a course out of the financial upheaval that has been raging all year long.

The corporate stated it expects to report a one-time cost of almost $10 million to $11 million, most of which might be recorded within the fourth quarter.

The downsizing additionally follows the dramatic removing of CEO Xiaodi Hou in October after an investigation by the corporate’s board revealed that some staff spent paid hours final 12 months working for Hydron Inc., a startup engaged on autonomous vehicles principally in China.

Earlier this month, TuSimple additionally ended a take care of Navistar to co-develop vehicles with autonomous driving functionality.