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TRUECAR ANNOUNCES STRATEGIC RESTRUCTURING AND LEADERSHIP TRANSITION

Restructuring Expected to Streamline Organization and Reduce Annualized Expenses by Over $20 MillionJantoon Reigersman Appointed President and Chief Executive OfficerMichael Darrow to Depart from Company SANTA MONICA, Calif., June 14, 2023 -- TrueCar, Inc. today announced a strategic restructuring to streamline the organization, including a workforce reduction impacting approximately 102 positions, or 24% of the Company's headcount, and the appointment of Jantoon Reigersman as President and ...
United States Jantoon Reigersman Barbara Carbone Michael Darrow Mike Darrow Nogin Inc

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TrueCar lays off 102 employees, taps new CEO amid restructure

TrueCar, a platform where people can research new and used car prices and find local dealer savings, is laying off 24% of staff due to a restructure, the company said Wednesday. Reigersman previously served as TrueCar's chief operating officer and chief financial officer. TrueCar's stock jumped nearly 13% in after-hours trading on the news.
United States Barbara Carbone Jantoon Reigersman Michael Darrow California New Car Dealers Association
Source: yahoo.com

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