https://layoffcheck.com/companies/monarch-tractor Layoff and WARN notices reported for Monarch Tractor. en-us https://layoffcheck.com/companies/monarch-tractor#2025-11 https://layoffcheck.com/companies/monarch-tractor#2025-11-198 Wed, 19 Nov 2025 12:00:00 GMT Monarch Tractor warned employees on November 19, 2025 that it planned to lay off up to 102 people and might shut down entirely if its business pivot did not succeed. The electric tractor startup, which had raised at least $220 million including a $133 million round in 2024, was abandoning tractor manufacturing to become a software licensing company. CEO Praveen Penmetsa noted that over 70% of Monarch's revenue already came from licensing in 2025, but said the transition timeline put the company "at risk of shut down." The planned cuts would hit California offices and remote teams in India and Singapore. The pivot followed the loss of contract manufacturer Foxconn earlier in 2025, a lawsuit from an Idaho dealer alleging defective autonomous tractors, and the departure of Tesla co-founder Mark Schwager in July. No severance terms were disclosed. https://layoffcheck.com/companies/monarch-tractor#2024-11 https://layoffcheck.com/companies/monarch-tractor#2024-11-557 Fri, 08 Nov 2024 12:00:00 GMT Monarch Tractor reported a workforce reduction in SF Bay Area in November 8, 2024.