Signage outside a Carvana Vending Machine location in Novi, Michigan, is seen here in October 2021. Used-car retailer Carvana Co. is cutting 1,500 jobs, or 8% of its workforce.
Mandatory Credit: Emily Elconin/Bloomberg/Getty Images
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Carvana cuts 1,500 jobs on slowing used-car demand
Used-car retailer Carvana Co. is cutting 1,500 jobs, or 8% of its workforce, the company said on Friday, amid waning demand for used cars on the back of sky-high prices and supply shortages.
