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

Embark Trucks, the autonomous trucking company that went public in 2021 via a merger with a special purpose acquisition company, is cutting its workforce in an effort to reduce costs and preserve cash. And the pain may not be over.
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 announced at a meeting with employees Friday morning. The layoffs are expected to occur in the first and second quarters.
The layoffs come more than a month after banking advisory firm Evercore met with various AV companies to exp

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