TrueCar cut 30% of its workforce today. This action followed the company going private last month. Founder Scott Painter led the $227 million acquisition. He also rejoined TrueCar as chief executive. New leadership reevaluated operations before these layoffs.
https://www.autofinancenews.net/allposts/risk-management/truecar-lays-off-30-of-staff-amid-reorganization/