Exclusive: Monarch Tractor preps for layoffs and warns employees it may 'shut down'

Exclusive: Monarch Tractor preps for layoffs and warns employees it may 'shut down'

The memo that went out Thursday, which TechCrunch obtained, says the "timing" of the company's pivot away from tractor manufacturing puts it at risk.

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Monarch Tractor Preps For Layoffs and Warns Employees It May 'Shut Down'

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 already cutting some positions over the last few weeks at its California corporate facilities and remote teams in India and Singapore, according to mul…

BLK ALERTS - Monarch Tractor preps for layoffs and warns employees it may ‘shut down’

The memo that went out Thursday, which TechCrunch obtained, says the “timing” of the company’s pivot away from tractor manufacturing puts it at risk.

Monarch Tractor preps for layoffs and warns employees it may 'shut down'

Autonomous electric tractor startup Monarch Tractor warned employees on Thursday that it may need to lay off more than 100 employees, or perhaps even “shut down,” according to a company-wide memo obtained by TechCrunch. The memo comes after Monarch Tractor has already cut some jobs over the past few weeks at the company’s facilities in The post Monarch Tractor preps for layoffs and warns employees it may ‘shut down’ appeared first on .