Monarch Tractor Faces Layoffs, Shutdown After $220M Raise . . . Monarch Tractor, a startup promising electric autonomous tractors for sustainable farming, raised $220M but now faces massive layoffs and potential shutdown Amid lost partnerships, lawsuits over faulty tech, and internal turmoil, it's pivoting from hardware to software licensing This highlights broader challenges in scaling ag-tech innovations
Monarch Tractor Warns of Possible Shutdown, May Lay Off More . . . Autonomous electric tractor startup Monarch Tractor has warned employees it may cut more than 100 jobs or even “shut down,” according to a company-wide memo obtained by TechCrunch The notice follows weeks of job reductions across its California headquarters and remote teams in India and Singapore, former employees said
Monarch Tractor Braces for Layoffs and Potential Closure . . . Monarch Tractor, a startup specializing in autonomous electric tractors, issued a stark warning to its employees about the possibility of significant layoffs or even closure, as detailed in a company-wide memo obtained by TechCrunch
Monarch Tractor warns 102 staff of layoffs, possible shutdown Autonomous electric tractor startup Monarch Tractor warned employees Thursday it may lay off more than 100 workers or potentially shut down entirely, according to an internal memo obtained by TechCrunch The agricultural robotics company, which raised $220 million to build driver-optional farm vehicles, is struggling with its pivot from hardware manufacturing to software licensing as lawsuits
Monarch Tractor Preps For Layoffs And Warns Employees It May Home » Tech News » Monarch Tractor preps for layoffs and warns employees it may ‘shut down’ Share with your friends! monarch tractor preps for layoffs and warns Monarch Tractor is facing significant challenges, as it prepares for potential layoffs and has warned employees about the possibility of shutting down operations
Monarch Tractor preps for layoffs and warns employees it may . . . Autonomous electric tractor startup Monarch Tractor warned staff Thursday it may need to lay off more than 100 employees, or possibly even “shut down” Monarch told employees in the memo it may permanently lay off “up to 102 employees” The company raised at least $220 million, including $133 million in 2024, as it pursued a goal of making “driver optional” autonomous tractors that