TC: Embark Trucks lays off workers, explores liquidation of self-driving truck assets

© Björn Wylezich

TechCrunch reports:

Embark Trucks, the autonomous trucking company that went public in 2021 via a merger with a special purpose acquisition company, is cutting 70% of its workforce and shutting down two offices. And the pain may not be over as CEO Alex Rodrigues noted in an email to employees that the remaining 30% of workers will focus on winding down operations.

The company said in a regulatory filing that about 230 employees were laid off Friday. A source familiar with the plan said the cuts were ...