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International Business Times UK
International Business Times UK
Business
Jim Manzon

CarMax Orders Workers Back to Office 5 Days a Week — Then Lays Off 230 More Just Months After CEO Ousted

The Fortune 500 retailer has cut over 1,000 jobs in under two years amid leadership turmoil and declining sales. (PHOTO: Wikimedia Commons)

CarMax has laid off a further 230 corporate employees and ordered remaining staff back to the office five days a week, intensifying turmoil at a company still reeling from its chief executive's departure less than two months ago.

The Goochland, Virginia-based used car retailer announced the layoffs on Wednesday, affecting workers at its West Creek headquarters, its Midtown office at Sauer Center in Richmond, and locations in Dallas, Texas, and Atlanta, Georgia. Reports indicate that of those laid off, 113 were based in the Richmond area, with the majority being salaried employees, who will receive pay and benefits through 31 January.

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