The chief executive of Cruise has apologized to workers more than the company’s ongoing pause on autonomous car testing in the U.S. and says employees will be permitted to sell shares in the organization.

Cruise introduced an equity system in 2022 in a bid to attract and retain talent. The system permits existing and former workers to sell their vested equity to GM and other investors each quarter. However, the firm temporarily suspended the system final week to initiate a compensation overview.

Cruise has considering that changed its thoughts and in a employees e-mail sent on Saturday, chief executive Kyle Vogt mentioned particular workers will be capable to sell a restricted quantity of shares as portion of a 1-time chance, in portion to assist employees with their tax obligations, Auto News reports.

 Cruise CEO Apologizes For Failures And Allows Staff To Sell Shares

“I am sorry we have veered off course under my leadership and that this has affected many Cruisers in a deeply personal way,” Vogt wrote in his e-mail. “As CEO, I take responsibility for the situation Cruise is in today. There are no excuses, and there is no sugar coating what has happened. We need to double down on safety, transparency, and community engagement.”

Read: California DMV Suspends Cruise Permits After Robotaxi Ran Over And Dragged Pedestrian

Cruise has been in hot water considering that early October when 1 of its automobiles hit a pedestrian in San Francisco and dragged them along the ground for around 20 feet. An investigation into the incident rapidly determined that the automated driving technique of the modified Chevrolet Bolt mischaracterized hitting the pedestrian as a lateral collision and commanded the EV to pull more than. In performing so, it dragged the pedestrian forward. The California Department of Motor Vehicles right away suspended Cruise’s testing permits in the state and the firm has confirmed it has also halted testing in Phoenix, Houston, Austin, Dallas, and Miami.


 Cruise CEO Apologizes For Failures And Allows Staff To Sell Shares