If the market makes a turn soon, do you think there will be KAR Auction Services layoffs? Any chatter, news or rumors?

used car prices are falling, dealer margins are getting squeezed and so wholesale car auction is expected to go down significantly, putting a significant downward pressure on Kar. The forecast and situation in Sep 2023 are delicate or look murky at... — read more 

9/8/2023 entire data science team laid off. Company is difficult financial situation due to auto market and projection of extremely low car demands in future due to credit crunch.

I don't understand that logic - - why do they think that someone who is no longer 'good enough' to work for this company is good enough to train their replacement?

If the economy turns around, do you anticipate any KAR Auction Services layoffs? Any chatter, news or rumors?

KAR Global has signed a deal with Saperium Inc., a Philippines software company that sources multi-faceted personnel. The plan is to layoff majority of the American, Canadian, and European staff across all business units. Then fill in those empty... — read more 

Just when I thought I would be spending my vacation stress-free, I heard rumors that more layoffs are coming. Please, does anyone have insight into whether this is true and if so, can you provide more details?

Several middle management employees were laid off on Friday 6/24 from the KGCC (KAR Global Contact Center) with no notice.

Laid off along with a massive amount of others today. Not sure if kar is liquidating all its companies but cars arrive is at a quarter of the employees it was on Friday. No one is safe, entire teams where let go again! BTW Adesa lost General motors... — read more 

They dropped the ax again today! What a horrible company.

Have you heard anything about potential KAR Auction Services Layoffs 2021? Any news or rumors?

This company has gone from bad to worse and then even further, if that's even possible. I've been here since the start and I can tell you that things were not like this before. I used to love my job. Now, I'm not sure which aspect of it is the worst:... — read more 

Do you think there will be KAR Auction Services Layoffs 2020? Any news or rumors?

KAR Auction Services, Inc. (KAR) Made a public announcement that they are using analytical data to lay off workers. This data would be considered age and race discrimination due to the data and the workers that we have been collecting on the company... — read more 

Do you think there may be small/medium/large KAR Auction Services Layoffs in 2019?