San Francisco, June 15 (Ians) US-based automotive digital marketplace TrueCar has announced the laying off of nearly 24 per cent of its workforce, or about 102 employees, amid restructuring.
Michael Darrow, President and CEO, has also stepped down from both of his executive positions, which will be filled by Jantoon Riggersman.
Reigersman previously served as TrueCar’s chief operating officer (COO) and chief financial officer (CFO).
“The restructuring announced today better aligns our cost structure with our revenue base and is designed to make TrueCar a nimbler, more efficient company,” Barbara Carbone, incoming Chair of the Board, said in a statement.
“We made this difficult decision after an extensive review and believe that it is necessary to enable TrueCar to achieve its strategic priorities and create long-term shareholder value,” she added.
Moreover, the company said that the restructuring is expected to result in non-recurring cash payments of approximately $7 million, primarily in the second...
Michael Darrow, President and CEO, has also stepped down from both of his executive positions, which will be filled by Jantoon Riggersman.
Reigersman previously served as TrueCar’s chief operating officer (COO) and chief financial officer (CFO).
“The restructuring announced today better aligns our cost structure with our revenue base and is designed to make TrueCar a nimbler, more efficient company,” Barbara Carbone, incoming Chair of the Board, said in a statement.
“We made this difficult decision after an extensive review and believe that it is necessary to enable TrueCar to achieve its strategic priorities and create long-term shareholder value,” she added.
Moreover, the company said that the restructuring is expected to result in non-recurring cash payments of approximately $7 million, primarily in the second...
- 6/15/2023
- by Agency News Desk
- GlamSham
Tripp (Rex Linn) speaks to the media about escaped prisoner, Dante Kroll (Franky G) advising people to be vigilant and not to approach him, then tells Ryan (Jonathan Togo) to keep an eye on one of his associates, Mike Darrow (Ramses Jimenez). Thought he said to watch out for him, not chase after him. He's arrested and provides Ryan with the whereabouts of Dante. Of course, he's not at the location but Tripp notices his brand of cigarettes at the abandoned warehouse. What possessed Delko (Adam Rodriguez) to wear a bright orange, prison-issue shirt? Even though he wanted to stand out in a crowd, especially at the arena, he was an easy mark going into the warehouse dressed like that. A man is pulled over by a policeman and is dragged out of his car and beaten to death, before his bag is stolen. Natalia (Eva La Rue) questions a...
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- by mhasan@corp.popstar.com (Mila Hasan)
- PopStar
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