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
Layoff News > Industrial > Monarch Tractor
Monarch Tractor Warns of 102 Potential Layoffs Amid Shift to SaaS Model
Published Dec 19, 2025
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