Monarch Tractor Faces Layoffs, Shutdown After $220M Raise . . . Monarch Tractor, a startup promising electric autonomous tractors for sustainable farming, raised $220M but now faces massive layoffs and potential shutdown Amid lost partnerships, lawsuits over faulty tech, and internal turmoil, it's pivoting from hardware to software licensing This highlights broader challenges in scaling ag-tech innovations
Monarch Tractor Preps For Layoffs and Warns Employees It May . . . Autonomous electric tractor startup Monarch Tractor -- which we covered in 2022 -- warned staff Thursday it may need to lay off more than 100 employees, or possibly even "shut down," according to a company-wide memo obtained by TechCrunch The report adds: The memo comes after Monarch Tractor was al
Monarch Tractor Warns of Possible Shutdown, May Lay Off More . . . Autonomous electric tractor startup Monarch Tractor has warned employees it may cut more than 100 jobs or even “shut down,” according to a company-wide memo obtained by TechCrunch The notice follows weeks of job reductions across its California headquarters and remote teams in India and Singapore, former employees said
Monarch Tractor faces challenges: possible layoffs and . . . Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗ Monarch Tractor, an innovative autonomous electric tractor startup, is currently facing significant challenges The company, founded in 2018 by former Tesla executives and members of the Mondavi family, has informed employees that it may have to make more than 100 layoffs or even suspend operations