USED car seller Shift Technologies Inc. has filed for Chapter 11 bankruptcy less than a year after acquiring another subsidiary. The company – which allows people to buy and sell cars online – announced its intention to file on October 6 and followed through on Monday. Shift Technologies has filed for Chapter 11 bankruptcyGetty Images - Getty The bankruptcy filing included Shift along with its 16 subsidiaries. Shift, which was founded in San Francisco in 2013, most recently acquired Richmond’s CarLotz Inc. in late 2022. That merger came after Shift laid off about 60% of its workforce, according to The Business Journals. The car company currently employs about 479 people, ac
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