DETROIT--Online automotive retailer Carvana Co. says it's letting go about 2, 500 workers, roughly 12% of its workforce, as it tries to bring staffing and expenses in line with sales. The Phoenix company said in a regulatory filing Tuesday that its executive team is giving up salaries for the rest of the year to help fund severance pay for the workers. Carvana, which sells online and delivers used vehicles to buyers, says the laid-off workers will come from operational groups....
The company sa
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2022-05-10 00:00:00.0