Carvana Plans to Lay Off 12% of Workforce as It Closes Expansion Deal

Online car dealership Carvana plans to lay off 12% of its workforce after closing an expansion deal that forced the company to borrow on difficult terms.

Carvana’s CEO Ernie Garcia III The company said in an email to employees that the company had over-reviewed its growth strategy and would cut about 2,500 workers, focusing on its operations. The email was viewed by The Wall Street Journal.

https://www.wsj.com/articles/carvana-plans-to-lay-off-12-of-workforce-as-it-closes-expansion-deal-11652202339?mod=pls_whats_news_us_business_f Carvana Plans to Lay Off 12% of Workforce as It Closes Expansion Deal

Edmund DeMarche

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