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Used Cars

Carvana cuts 1,500 jobs on slowing used-car demand

R
By:
Reuters
November 18, 2022 05:11 PM

Used-car retailer Carvana Co. is cutting 1,500 jobs, or 8 percent of its workforce, the company said on Friday, amid waning demand for used cars on the back of sky-high prices and supply shortages.

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