November 22, 2024 18:47 (IST)
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GoMechanic to lay off 70 pc staff after founders admit accounting irregularities

GoMechanic to lay off 70 pc staff after founders admit accounting irregularities

Sequoia-backed car repair startup GoMechanic is going to lay off 70 percent staff after founder Amit Bhasin admitted to financial reporting errors, adding that the cash-strapped company will also have its accounts audited by a third party.