The founders aim to evolve the product to find its role in the world, while laid-off employees will receive a severance payment and keep their company-issued laptops
Attrition in employees who are not given any kind of reward reportedly stands at 38 per cent. However, attrition in employees who receive monetary rewards comes down to 5 per cent, an 87 per cent reduction
The acquisition comes after the recent financial difficulties faced by GoMechanic. The board and shareholders with support from Stride Ventures initiated the sale process to ensure the continuity of GoMechanic's business
The delay comes due to the company's changing plans around remote work and recent layoffs. However, the company remains committed to the Arlington region and plans to move forward with pre-construction work later this year
