CarMax laying off 600; 15 in Richmond

carmaxfreshGoochland-based CarMax announced Wednesday it is laying of 600 service workers at dealerships and reconditioning shops all over the map. Fifteen workers in Richmond will be laid off, according to a company spokesperson.

The company employs 1,150 workers at the Goochland headquarters and two local dealerships.

In a statement, CEO Tom Folliard said that the steps were necessary to lower costs as second quarter revenues fell 17%. “Since Memorial Day, we have taken significant steps forward in aligning our costs with current sales levels.”

“We have achieved our store staffing objectives in most departments, but it was necessary to make further reductions in service operations in order to reach these staffing goals.”

Company spokeswoman Trina Lee said

the majority of the cuts are stores with reconditioning facilities.

To read more, click here.

carmaxfreshGoochland-based CarMax announced Wednesday it is laying of 600 service workers at dealerships and reconditioning shops all over the map. Fifteen workers in Richmond will be laid off, according to a company spokesperson.

The company employs 1,150 workers at the Goochland headquarters and two local dealerships.

In a statement, CEO Tom Folliard said that the steps were necessary to lower costs as second quarter revenues fell 17%. “Since Memorial Day, we have taken significant steps forward in aligning our costs with current sales levels.”

“We have achieved our store staffing objectives in most departments, but it was necessary to make further reductions in service operations in order to reach these staffing goals.”

Company spokeswoman Trina Lee said

the majority of the cuts are stores with reconditioning facilities.

To read more, click here.

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