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Edmunds.com layoff? Just heard through the grapevine.

Alexander Lau

Banned
Feb 11, 2015
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Alex
Edmunds sells $50M stake to CarMax amid layoffs

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CarMax you say?


At the CarMax used-car dealership in Norwood, MA employees are still being required to come in, according to the wife of an employee, despite the fact that a woman in the business office woke up with a fever and a cough Wednesday and was told by her doctor to quarantine herself.

Like many who relayed information to the Globe about their employers, the worker asked to remain anonymous out of fear of losing his job — and asked his wife to speak for him.

CarMax auctions are still being held every week, with used cars and dealers coming in from around New England, according to the worker’s wife. Employees who interact with customers aren’t allowed to wear gloves, she said, “because you don’t want to walk in and think about the fact that you’re buying a used car where the person who just dropped the car off could have been carrying the coronavirus around in their car.”

CarMax has closed stores in several states — and will pay workers for up to 14 days — but plans to stay open where it can because it says transportation is critical right now. The company said it is following CDC guidelines regarding quarantines and workers who aren’t comfortable or able to be on site can stay home without penalty.

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Uhmmm, yeah critical to CarMax's bottom-line! Suuuuure... they can stay at home without pay.

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Marc Lavoie

3rd Base Coach
Jan 3, 2019
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So, is this happening? Did Edmunds lay off more people?

Asking for a friend who is looking to hire good talent ;)
 

Jeff Kershner

Founder
May 1, 2005
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CarMax, Inc. said it will acquire the remaining shares of Edmunds for a purchase price that implies an enterprise value of $404 million, inclusive of CarMax's initial investment, which it expects to be paid in a combination of cash and stock.