https://techcrunch.com/2022/11/03/iron-ox-lays-off-50-amounting-to-nearly-half-its-staff/

There are no sure bets in this — or any — business. Automation, agriculture and a climate-bent are green flags, but no category is immune from mounting economic headwinds on top of the already difficult task of launching a successful startup. While robotics has thus far seen a limited slowdown in investing relative to many other sectors, there’s no such thing as a recession-proof business in startup land.

Bay Area-based Iron Ox has certainly had no shortage of supporters. The agtech firm has raised north of $100 million, culminating with a $53 million Series C announced in September of last year. But earlier this week, the robotic agtech startup instituted widespread layoffs. All told, 50 jobs were cut this week, a figure that amounts to nearly half of the company’s staff of “just over 100 people.”