YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
CarMax is furloughing roughly 15,500 employees and slashing executive pay.
Half of the company's 217 U.S. stores are closed or operating with restrictions due to the coronavirus pandemic.
"This has been a very difficult decision," CEO Bill Nash said in a statement. "Each and every one of our associates are incredibly important to us. We will not rest until we can start pulling our team back together. I believe that these steps will help our company withstand the current environment and successfully emerge from these difficult times."
Read more from Automotive News.
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