Sequoia Capital, the company’s largest investor, has started a forensic audit of the car servicing startup.
Car repair startup GoMechanic has laid off 70% of its workforce and asked the remaining employees to work without pay for the next three months, according to two former employees.
“The laid off employees have been asked to resign and told they’ll be called again if things get back to normal,” said one of the two people, requesting anonymity. Layoffs have happened across departments, says the second person, with most of the ground workers, who make up a big chunk of the workforce, having been fired.
Moreover, Sequoia Capital, GoMechanic’s largest shareholder, has started a forensic audit of the Gurugram-based …
Samiksha covers all things startups at The Morning Context. She joins us from The New Indian Express, where she wrote stories on the retail and food sectors. Prior to that, she had covered startups and written various business features in the Deccan Herald.
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samiksha@mailtmc.com
Bengaluru