Technology

Internal email: Carvana plans to cut 12% of its workforce, ~2,500 workers, saying it overshot its growth strategy after buying the Adesa US car auction business (Ben Foldy/Wall Street Journal)

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Ben Foldy / Wall Street Journal:

Internal email: Carvana plans to cut 12% of its workforce, ~2,500 workers, saying it overshot its growth strategy after buying the Adesa US car auction business  —  Downsizing comes after company raised billions in new debt with high interest  —  Online car dealer Carvana Co. CVNA -5.39%&#9660 …



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