Cruise CEO Kyle Vogt Resigns Amidst License Suspension

Kyle Vogt, co-founder and CEO of Cruise, has resigned from his position, according to an email sent to employees. The resignation comes after the California Department of Motor Vehicles suspended Cruise's permits to operate self-driving vehicles following an incident where a pedestrian was hit and dragged by a Cruise robotaxi. Mo Elshenawy will serve as president and CTO for Cruise, while Craig Glidden and Jon McNeill will continue in their roles. Vogt expressed gratitude for the past 10 years and believes Cruise has a great future ahead. Employee morale has been low, with concerns about poor management and safety prioritization.