Embark Trucks lays off workers, explores liquidation of self-driving truck assets
Autonomous trucking company Embark Trucks, which went public in 2021 through a merger with a special purpose acquisition company, has decided to cut 70% of its workforce and close two offices. Even though the remaining 30% of employees will continue working to wind down operations, CEO Alex Rodrigues has hinted that more layoffs may occur. … Read more