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TrueCar lays off 30% of staff amid reorganization 

Cuts follow take-private acquisition led by founder Scott Painter 

Amanda Harris

Automotive marketplace TrueCar today cut 30% of its workforce after the company went private last month in a transaction led by founder Scott Painter.   Painter rejoined TrueCar as chief executive in tandem with the closure of a $227 million acquisition of the company announced on Jan. 21. The acquisition was led by Painter and several investors, including AutoNation and PenFed Credit Union.   The layoffs come after the digital automotive platform’s new leadership reevaluated operations and Painter announced a […]

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