Another Sequoia startup faces the heat: GoMechanic admits false financial reporting
Shortpedia
Content Team
Image Credit: economic times
A day after reports emerged of automobile after-sales service startup GoMechanic laying off around 70% of its workforce, its cofounder Amit Bhasin publicly admitted to committing “errors in judgment” in regard to financial reporting while trying to pursue growth. Bhasin also confirmed that the startup laid off 70% of its workforce, and added that it would restructure the business and look for capital solutions
