Shares of TrueCar Inc. rallied more than 8% in the aftermarket Wednesday after the car-pricing platform announced a restructuring, which includes laying off.
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.
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