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International Business Times UK

Business

Regyl Jaen

CarMax Cuts 145 More Jobs as New CEO Pushes for 'Leaner' Workforce Despite Rising Sales

Carmax Keith Barr United States Richmond

CarMax’s 145-job cut follows 230 layoffs in January, as CEO Keith Barr emphasizes 'running lean' as a core strategic pillar. (Credit: Wikimedia Commons/deathpallie325)

CarMax has cut another 145 corporate jobs, as the used-car retailer pursues a leaner corporate workforce under new CEO Keith Barr. The affected employees were informed Friday and include workers at CarMax's corporate offices in Richmond, Dallas, and Atlanta, as well as its Edmunds subsidiary in California.

The company said the affected employees 'no longer need to report to work' after being informed of the cuts. The reductions mark at least the second major round of CarMax job cuts this year.

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