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Motor1
Sport
Christopher Smith

Carvana Lays Off 2,500 Workers, Buys Auction House For $2.2 Billion

Carvana United States Ernie Garcia ADESA
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The first quarter of 2022 hasn't been the best for Carvana. The online used car company is arguably best known for its big automotive vending machines, but right now it's known for laying off 12 percent of its workforce. That equates to 2,500 jobs, and it comes amid a Q1 2022 net loss of $506 million. That didn't stop Carvana from also spending $2.2 billion, which we'll discuss in a bit.

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