Thread regarding KAR Auction Services Inc. layoffs

Kar layoffs on 05/02/2022

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 and Ford and other key accounts after the carvana merger was announced. Key people have left the company as well.

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Post ID: @OP+1gyVD4t6

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I was laid off in May after 20 years of service. Very cold and unprofessional call with HR and my former Manager

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Post ID: @1Wyli+1gyVD4t6

layoffs happening. execs see the writing on the wall .

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Post ID: @18uir+1gyVD4t6

Why is KAR laying off employees when they continue to keep Executive Chairman Jim Hallett on the payroll who does nothing more than draw a breath and a check?? Base salary of $725K in 2022 and Total 2021 compensation of $4.8M!!! How many employees could have kept their jobs if the Board had done there's and told Jim adios!

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Post ID: @6het+1gyVD4t6

I was laid off as well. There is no media coverage at all.

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Post ID: @ifp+1gyVD4t6

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