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Bench acquisitionTechCrunch
•
76% Informative
Canadian accounting and tax startup Bench shut down after 13 years of operation.
Hundreds of staff were laid off effective immediately without severance or notice, ex-employees tell TechCrunch .
Executives say the company's push to embrace AI and other automation tools in recent years didn't work.
Execute issues, customer churn, and waning investor interest in non-AI -related companies.
Employer.com is re-extending job offers to a “large number” of former Bench staff.
It also says it will honor customer contracts and fully service their accounts.
But there are uncertainties remaining around Bench ’s sustainability, given its last-minute fire sale.
VR Score
74
Informative language
70
Neutral language
48
Article tone
semi-formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
7
Source diversity
4
Affiliate links
no affiliate links