Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays

Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays
techcrunch.com

by Charles Rollet • 1 month ago

On December 27, Bench, a Canadian accounting startup backed by major investors, abruptly shut down, leaving thousands of small business clients and employees in chaos. The company's reliance on flawed automation and executive turmoil led to operational failures. Following the shutdown, Employer.com swiftly acquired Bench, promising to rehire many former employees and maintain customer contracts. However, questions remain about the sustainability and quality of service under the new ownership.

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