Do you think there may be small/medium/large KAR Auction Services Layoffs in 2019?
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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. They are also not giving proper notices to the employees that are being laid off. We have been contacting the Lawyers, ACLU and the Media to help with the discriminatory tactics this company is using in their layoffs. It seems the deteriorating stock price and a new $80 Million Dollar Building they are offsetting deteriorating stock prices are more important than the employees that have tenure with the company. Currently the Environmental Protection Agency is investigating the (IAA) - Insurance Auto Auctions which is a entity that they are trying to spin off from KAR. In the recent SEC documentation the five top officers in the company are making combined incomes with stock and other incentives more than $10 Million Annually. More Layoffs to Come.
They have been slowly laying off people since last year, but this is the biggest one. There have been major management changes.
KAR layoffs today. 110 employees?