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 … ⌘ Read more