Exclusive: Monarch Tractor preps for layoffs and warns employees it may 'shut down'
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7 Articles
Monarch Tractor Faces Layoffs, Shutdown After $220M Raise Amid Ag-Tech Woes
Electric Dreams Deferred: The Turbulent Pivot of Monarch Tractor In the fertile valleys of California’s agricultural heartland, where innovation meets the soil, Monarch Tractor once promised a revolution. Founded in 2018, the startup aimed to transform farming with its all-electric, autonomous tractors, blending Tesla-like ambition with the gritty needs of modern agriculture. Backed by over $220 million in funding, including a hefty $133 million…
AgriFood Signals: Biocentis raises $19m for insect control, Monarch Tractor in trouble, choc giant partners with NotCo on AI
AgFunderNews rounds up the most important fundings, mergers, acquisitions, closures, and industry buzz in agtech and foodtech. Funding news 🇮🇳 Tractor Junction Raises $22.6m Series A to scale rural vehicle marketplace, fintech business AgFunderNews 🇺🇸 Startup Biocentis raised $19M for genetic insect control Axios 🇳🇱 AKA Foods Secures 17.2 Million Dollars in Seed Funding to launch the world’s first secure AI system for food innovation PR Ne…
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…
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 .
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