TrueCar

TrueCar laid off 100 employees representing approximately 30% of its workforce on 2026-02-24.

In June 2023, automotive pricing platform TrueCar announced a major restructuring, laying off 102 employees, which represented 24% of its workforce. The move, aimed at aligning costs with revenue to create a nimbler company, coincided with leadership changes, including the appointment of Jantoon Reigersman as the new CEO. The company, which operates in the online automotive marketplace, reported a dip in Q1 revenue and a growing net loss, prompting this strategic shift to achieve long-term financial stability and anticipated growth later in the year.

TrueCar laid off 219 employees representing approximately 30% of its workforce on 2020-05-28.