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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 al...

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