Wednesday, January 18, 2023

GoMechanic to Lay Off 70 Percent Employees After Co-Founder Admits to Financial Misreporting

GoMechanic, the automobile after-sales service startup that raised $42 million (roughly Rs. 340 crore) in funding, said that it was cutting 70 percent of its workforce as part of a business restructuring. The move came after co-founder Amit Bhasin admitted to misreporting financial reports. A forensic audit has been ordered to gauge the magnitude of the financial misr...

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