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National Used Car Company Carvana Lays Off Thousands

Used car behemoth Carvana, which reported its first-ever sales decline in April, is laying off 2,500 employees or 12% of its workforce in what it is calling a “right sizing” maneuver. Executives of the 10-year-old company will go unpaid for the rest of 2022. Those giant glass vending machines they put up couldn't have helped their bottom line either.

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