Carvana lays off ~1,500 employees to better match company size with current environment

CARVANA CO.

Workforce reduction of approximately 1,500 across corporate, technology, and operations.
Impacted employees receive six weeks' pay plus one additional week per year of service.
Extended healthcare coverage, early vesting of certain equity awards, and recruiting support provided.
Decision effective November 18, 2022; aimed at helping Carvana achieve financial goals.
No specific financial impact or revenue guidance provided in the filing.

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