GoMechanic advances 70% after investors find founders’ ‘intentionally wrong facts’ • TechCrunch

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Hey Crunchers! The heavy freight train of tech news keeps rolling (and sometimes off) the tracks.

Apropos tracks, we just got a little haired with this awesome music video for Ren this week. It’s full of surprises and powerful set pieces – give yourself a 9-minute break and listen! – Christine And Pilgrim

Top Techcrunch 3

  • More layoffs: Sequoia-backed GoMechanic is latest in layoffs after funding didn’t materialize in time, Manly… masculine reports. The India based auto service company is laying off 70% of its workforce. But wait, there’s more: GoMechanic’s founders miscalculated investors’ financials GoMechanic co-founder Amit Bhasin said the startup made “serious errors of judgment as we pursued growth at all costs, particularly in terms of financial reporting, which we deeply regret.”
  • Can your bot do this?: In Boston Dynamics’ latest Atlas video, we see its robot running, jumping, and now catching and throwing objects using two hands. not shiny share more.
  • If you’ve never seen a car like its name before, now you have: Roman Take a look at Kate, a new French automaker that develops small cars for everyday use, from driving to work to driving on the beach. It reminds us of a really fast golf cart just nice.

Startups and VC

At a press conference on Wednesday, the US Department of Justice announced that it had arrested Anatoly Legkodimov, founder of cryptocurrency exchange Bitzlato, for allegedly processing more than $700 million in illicit funds, Amanda reports. “Overnight, the Department worked with key partners here and abroad to disrupt Bitzlato, the China-based money-laundering engine that fueled the high-tech hub of crypto, and to apprehend its founder, Russian citizen Anatoly Legkodimov,” said the Deputy Attorney General. Lisa or Monaco.

There are a lot of things going on in the startup world today:

Dear Sophie: What are some quick options for hiring someone who is on an expired grace period?

Image credits: Bryce Durbin/TechCrunch

dear sophie,

I am one of the founders of an early stage startup. My co-founder and I are considering bringing in a third co-founder, who was recently laid off. It is currently in the United States on an H-1B aircraft with a grace period that will expire soon.

What are the fastest and least risky immigration options we should consider? What’s going on with potential USCIS filing fee increases?

Keen Co-Founder

Three more from the TC+ team:

Techcrunch + It is our membership program that helps founders and startup teams get ahead of the pack. You can register here. Use the code “DC” to get 15% off an annual subscription!

BigTech Inc.

Layoffs keep coming to the tech world. The latest is Microsoft, which has announced 10,000 job cuts, according to reports pee. The company did indeed make some layoffs last year, but the latter is a significant portion of its workforce — 5%. CEO Satya Nadella echoed other tech companies laying off workers recently in saying the company accelerated its growth as customers grew, but when that slowed Microsoft had to do the same.

Cybersecurity firm Sophos is making a similar move, laying off 450 employees globally, or about 10% of its staff, Jagmeet reports.

Meanwhile, in happier news, Apple has an all-new HomePod with even better sound and “smartness.” Daryl Writes. And now that you know this, Brian He has some thoughts on the newly returned smart speaker.

Here are five more for you:

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