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Monarch Tractor Warns of 102 Potential Layoffs Amid Shift to SaaS Model

Published Dec 19, 2025

102
Employees Affected
Unknown
Percentage

Monarch Tractor has alerted employees about potential layoffs of up to 102 workers and the risk of a full company shutdown. The autonomous electric tractor startup is shifting from hardware manufacturing to a SaaS business model after losing its contract manufacturer, Foxconn

Source: layoff.today

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