Thread regarding KAR Auction Services Inc. layoffs

entire IT team is laid off today

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 best. A lot of more layoffs to follow in the near future. Horrible leadership at almost all levels.

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