Cazoo CEO Alex Chesterman
(Picture: Cazoo)British online car retailer Cazoo has begun a fresh round of staff layoffs and customer service centre closures after the firm said it expected a fall in sales of as much as 50%.
The New York-listed business, which sold around 65,000 cars in the UK in 2022, now said it expects to only sell between 40,000 and 50,000 vehicles in 2023 and will be making “further headcount reductions” in a bid to cut costs and get closer to reaching profitability. It had previously expected sales to be as high as 100,000.
