Market Chatter: CarMax Cuts 145 More Jobs, or 4% of Corporate Staff

MT Newswires Live09-22

CarMax (KMX) cut 145 more jobs, or about 4% of its corporate staff, amid weak auto demand, the Wall Street Journal reported Monday, citing a company spokesperson.

The cuts included white-collar jobs at headquarters in Richmond, Virginia and offices in Atlanta and Dallas, the report said. The move marked the third round of staff reductions in less than a year, the report said.

CarMax did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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