Carvana recently Cuts 1,500 Jobs: "Investors reacted swiftly to the company's continued freefall.
Carvana, headquartered in Phoenix, Arizona, is in a position that not many predicted a year ago
Earlier this week, it was reported that 1,500 people would be losing their jobs at the major used car dealership business known for its towers that resemble vending machines
eight percent of the company's personnel. In an internal email headlined "Today is a bad day," Carvana CEO Ernie Garcia outlined
major reasons for the company's unfortunate actions include the poor economy leading to higher financing prices and customers delaying automobile purchases.
layoffs aren't the only bad news for Carvana: several stores in different states are having legal issues.