By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Cruise CEO and Co-Founder Kyle Vogt Resigns Amid Recent Turmoil
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
Startups

Cruise CEO and Co-Founder Kyle Vogt Resigns Amid Recent Turmoil

Anuj Kumar Verma
Last updated: February 12, 2024 1:50 pm
Anuj Kumar Verma
Share
2 Min Read
SHARE

Self-driving startup leader departs after DMV permit suspension and layoffs, apologizing for “situation Cruise is in today” as board focuses on rebuilding public trust.

Contents
Cruise in TransitionFrom the Helm to New HorizonsEnd of an Era

Kyle Vogt has resigned as CEO of self-driving startup Cruise after recent turmoil including permit suspension and layoffs, apologizing for “the situation Cruise is in today” as the board now focuses on rebuilding public trust under new leadership following the loss of its longtime leader who co-founded Cruise in 2013 and led its growth and acquisition by GM.

Cruise in Transition

According to an email sent to employees on Sunday, Kyle Vogt, co-founder and CEO of self-driving company Cruise, has resigned. Vogt led Cruise from its early days as a startup to its acquisition and ownership by General Motors. 

Vogt’s departure comes amid recent turmoil for Cruise. Last month, California’s DMV suspended Cruise’s permits to test driverless vehicles after an incident where a Cruise AV hit and dragged a pedestrian. 

From the Helm to New Horizons

In his resignation email, Vogt expressed pride in Cruise’s progress but said he is “deeply saddened” to no longer work with the team. No new permanent CEO has been named yet. 

Cruise board chair and GM CEO Mary Barra thanked Vogt for his “tremendous vision and dedication.” But she emphasized rebuilding public trust and safety as top priorities moving forward. 

End of an Era

Morale at Cruise has suffered since the October incident and subsequent fallout like layoffs. Vogt apologized to the staff for “the situation Cruise is in today.” 

Vogt co-founded Cruise in 2013, initially focusing on self-driving kits before pivoting and attracting GM’s acquisition. He previously co-founded live streaming companies Justin. tv and Twitch. 

While a blow, Vogt’s exit clears the way for Cruise to reshape its culture and rebuild confidence under new leadership during this challenging transitional period.

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article The Hot New Trend of the “Overemployed”
Next Article Alibaba Q2 Revenue Rises 9%, Cloud IPO Plan Cancelled

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

Food tech

Luckin Coffee Brews Up Malaysian Expansion

December 6, 2024
Mobility

GoTo Zeroes in on Profitability

February 12, 2024
AIStartups

Ex-Funding Societies CTO Founds AI Startup Branch Backed by Y Combinator

March 1, 2024
VC

Malaysia Emerges as Southeast Asia’s Tech Investment Hotspot

July 29, 2024
AI

Google Bets Big on Global AI Education

September 26, 2024
Crypto & Web3

Adam Neumann’s Crypto Venture Hits Turbulence

September 18, 2024
AIDeep Tech

Robotics Startup Figure AI Raises $675 Million from Tech Heavyweights

March 7, 2024
Hardware

Amazon Kindles Go Technicolor with New Colorsoft Model

October 23, 2024
e-Commerce

Alibaba Injects $230M into Lazada during Ecommerce Battles

May 24, 2024
Mobility

Grab’s Trans-cab Acquisition Hits Roadblock in Singapore

July 17, 2024
StartupsTravel

Travel Wallet Sets Sights on Global Expansion

June 26, 2024
e-Commerce

Indonesian Watchdog Probes E-Commerce Giants

June 3, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?