Major Shake-Up at Car Rental Startup Turo: 15% Workforce Reduction After Delayed IPO

In a significant move reflecting the challenges faced by the car rental sector, Turo, a popular car-sharing platform, has announced a substantial reduction in its workforce, laying off 15% of its employees. This decision comes in light of a stalled initial public offering (IPO) that the company had been eagerly preparing for.

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