https://www.linkedin.com/posts/cargurus_a-message-from-sam-zales-activity-6656648002842710016--oKX One of my best friends got let go😢#layoff#cargurus
We were told we have cash and then this happened
Yes. Now I don't know if anything coming out from the leadership can be trusted.
Update: heard they had a meeting this morning to discuss on the reasoning behind the layoffs. The take away is they are losing revenue and is trying to keep the cash flow positive by cutting people off. Second wave of layoff is probably coming if the revenue keep dropping. Start sharping your interview skills CarGurus folks. Good luck!
Sorry to hear. Wish I could offer a referral but we are likely to be in the same boat soon
Karma for sueing Rich Rebuilds
Any idea what people were let go?
Across the org. Engineers are layoff, too. I think it's based on redundancy, but unclear on how that's defined
How many in engineering? Seems like they don’t have cash or foresee difficulties