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Exclusive: Monarch Tractor preps for layoffs and warns employees it may ‘shut down’ | TechCrunch

Exclusive: Monarch Tractor preps for layoffs and warns employees it may ‘shut down’ | TechCrunch

Autonomous electric tractor startup Monarch Tractor 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 memo comes after Monarch Tractor was already cutting some positions over the last few weeks at its California corporate facilities and remote teams in India and Singapore, according to multiple former employees who spoke with TechCrunch on the condition of anonymity.

Monarch Tractor was founded in 2018 by a team that included a former top executive at Tesla’s first gigafactory and Carlo Mondavi, a scion of the famous winemaking family. The company raised at least $220 million, including $133 million in 2024, as it pursued a goal of making “driver optional” autonomous tractors that could perform tasks at places like wineries and other fruit farms.

While Monarch Tractor claims to have shipped around 500 of those tractors to date, the company announced a restructuring in late 2024 that was supposed see its tractors expand to other use cases, like pushing feed at dairy farming and maintaining golf courses. CEO Praveen Penmesta also said at the time that Monarch Tractor would focus more on selling software services and licensing the company’s autonomous tech.

At least one customer — one of Monarch Tractors’ first dealers — claims the autonomous tech never worked well, if at all, according to a lawsuit first reported by TechCrunch this week. Idaho dealership Burks Tractor claimed Monarch sold it “defective” vehicles that experienced “significant problems” after they arrived in 2024. Primarily, Burks accused Monarch’s tractors of being “unable to operate autonomously.” (Monarch denied the claims in a court filing.)

Monarch Tractor suggests to employees in the memo on Thursday it is trying to pivot even harder away from making tractors — which may not be surprising, given that the startup lost its contract manufacturer, Foxconn, earlier this year.

“The new business plan will enable Monarch customers to launch fully commercialized software as a service (SaaS) autonomy and other software offerings direct to consumers, unlocking new revenue streams to OEMs,” the startup’s human resources team wrote. “Unfortunately, the timing for completing the transition to the new business plan puts Monarch at risk of shut down.”

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Monarch told employees in the memo it may permanently lay off “up to 102 employees.”

It’s unclear how many people currently work for Monarch. The startup had around 300 employees in late 2024 when it laid off more than 10% of the company as part of the restructuring. The former employees familiar with the recent cuts could not say exactly how large those layoffs were. Penmesta did not immediately respond to a request for comment.

Through this year, Monarch Tractor has also lost some top talent, including the co-founder from Tesla, Mark Schwager.

“We started Monarch with a daring vision: that farming could be electrified, automated, smart and made more profitable — all at once,” Schwager wrote in a LinkedIn post in July, while explaining he would remain on the company’s board. “Monarch is in great position and in great hands for the next leg of its trajectory – making the timing right for this transition.”

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The 8-in-1 comes from all the added features. You get universal connectors like USB-C and Lightning, so you can charge most devices without carrying extra cords. There’s even an LED display for a quick check to see if your device is charging.Aside from charging, it makes everyday transport easier. A magnetic wrap keeps the cable tangle-free, while the built-in carabiner makes it easy to clip to a bag or keychain. There’s also a bottle opener and a small, safety-designed cutter tucked into the design for quick, practical tasks.This kind of all-in-one cable makes the most sense for people who travel often, commute with multiple devices, or just want to cut down on clutter. Instead of carrying separate cords for your phone, laptop, and accessories, you’ve got one cable that covers most of the basics.At .99 (reg. .99), the GoCable is an easy way to streamline your setup without spending a lot on multiple chargers. If you’re ready to stop digging for the right cable, this quick swap helps keep things organized.
        
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By signing up, you agree to receive recurring automated SMS marketing messages from Mashable Deals at the number provided. Msg and data rates may apply. Up to 2 messages/day. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.

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TL;DR: The GoCable 8-in-1 EDC 100W Cable is on sale for $21.99 (reg. $49.99) and combines fast charging, data transfer, and built-in tools in one compact design.


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Mashable Deals

By signing up, you agree to receive recurring automated SMS marketing messages from Mashable Deals at the number provided. Msg and data rates may apply. Up to 2 messages/day. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.

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Roblox says Q1 growth was “tempered by greater-than-expected headwinds” due to the rollout of its age-check features, which “slowed new user acquisition.” Russia’s December 2025 ban on Roblox also helped drive the number of daily active users down.

Earlier this month, Roblox expanded its age restrictions to include the types of games users in different age brackets can access, and the company will “implement additional improvements designed to facilitate age-appropriate access to content and product features” over the next few quarters. The company says its safety push will lower Roblox’s “expectations for topline growth in 2026.”

Thursday’s earnings report says 51 percent of global daily active users have gotten their age checked through the end of the first quarter. In the US specifically, 65 percent of active users have age-checked.

Roblox has also recently pushed to increase the number of games on its platform targeted at users who are older than 18. On Thursday, the company announced that it’s increasing its Developer Exchange rate by 42 percent for in-game spending from age-checked users over 18.

#Robloxs #daily #users #continue #drop #agechecks #slow #growthGaming,News,PC Gaming,Tech">Roblox’s daily users continue to drop as age-checks slow growthRoblox’s daily active users continued to slip last quarter due in part to its rollout of age checks on its platform. According to its latest earnings report, Roblox currently has 132 million daily active users globally, down from 144 million at the end of last year, which was a drop from 152 million in Q3 2025. In the US and Canada, the number of active users dropped by one million from the previous quarter, while Roblox’s revenue still grew to .4 billion.Roblox says Q1 growth was “tempered by greater-than-expected headwinds” due to the rollout of its age-check features, which “slowed new user acquisition.” Russia’s December 2025 ban on Roblox also helped drive the number of daily active users down.Earlier this month, Roblox expanded its age restrictions to include the types of games users in different age brackets can access, and the company will “implement additional improvements designed to facilitate age-appropriate access to content and product features” over the next few quarters. The company says its safety push will lower Roblox’s “expectations for topline growth in 2026.”Thursday’s earnings report says 51 percent of global daily active users have gotten their age checked through the end of the first quarter. In the US specifically, 65 percent of active users have age-checked.Roblox has also recently pushed to increase the number of games on its platform targeted at users who are older than 18. On Thursday, the company announced that it’s increasing its Developer Exchange rate by 42 percent for in-game spending from age-checked users over 18.#Robloxs #daily #users #continue #drop #agechecks #slow #growthGaming,News,PC Gaming,Tech

earnings report, Roblox currently has 132 million daily active users globally, down from 144 million at the end of last year, which was a drop from 152 million in Q3 2025. In the US and Canada, the number of active users dropped by one million from the previous quarter, while Roblox’s revenue still grew to $1.4 billion.

Roblox says Q1 growth was “tempered by greater-than-expected headwinds” due to the rollout of its age-check features, which “slowed new user acquisition.” Russia’s December 2025 ban on Roblox also helped drive the number of daily active users down.

Earlier this month, Roblox expanded its age restrictions to include the types of games users in different age brackets can access, and the company will “implement additional improvements designed to facilitate age-appropriate access to content and product features” over the next few quarters. The company says its safety push will lower Roblox’s “expectations for topline growth in 2026.”

Thursday’s earnings report says 51 percent of global daily active users have gotten their age checked through the end of the first quarter. In the US specifically, 65 percent of active users have age-checked.

Roblox has also recently pushed to increase the number of games on its platform targeted at users who are older than 18. On Thursday, the company announced that it’s increasing its Developer Exchange rate by 42 percent for in-game spending from age-checked users over 18.

#Robloxs #daily #users #continue #drop #agechecks #slow #growthGaming,News,PC Gaming,Tech">Roblox’s daily users continue to drop as age-checks slow growth

Roblox’s daily active users continued to slip last quarter due in part to its rollout of age checks on its platform. According to its latest earnings report, Roblox currently has 132 million daily active users globally, down from 144 million at the end of last year, which was a drop from 152 million in Q3 2025. In the US and Canada, the number of active users dropped by one million from the previous quarter, while Roblox’s revenue still grew to $1.4 billion.

Roblox says Q1 growth was “tempered by greater-than-expected headwinds” due to the rollout of its age-check features, which “slowed new user acquisition.” Russia’s December 2025 ban on Roblox also helped drive the number of daily active users down.

Earlier this month, Roblox expanded its age restrictions to include the types of games users in different age brackets can access, and the company will “implement additional improvements designed to facilitate age-appropriate access to content and product features” over the next few quarters. The company says its safety push will lower Roblox’s “expectations for topline growth in 2026.”

Thursday’s earnings report says 51 percent of global daily active users have gotten their age checked through the end of the first quarter. In the US specifically, 65 percent of active users have age-checked.

Roblox has also recently pushed to increase the number of games on its platform targeted at users who are older than 18. On Thursday, the company announced that it’s increasing its Developer Exchange rate by 42 percent for in-game spending from age-checked users over 18.

#Robloxs #daily #users #continue #drop #agechecks #slow #growthGaming,News,PC Gaming,Tech

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