2,500 employees laid off at Arizona-based Carvana
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- เผยแพร่เมื่อ 9 พ.ค. 2022
- Company officials cited "recent macroeconomic factors" that pushed the automotive retail industry into a recession as a factor in the layoffs. FOX 10's Nicole Garcia reports.
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No corporation will "care" about anything except growth and profit.
Period.
amen
Bingo! 👍🏻
Exactly! Why even pretend! I bought a used car once from a regular dealer. Dude gave me this tear jerker speech how "this isn't just a business deal, this is the start of a relationship".....!! HA!.. 3 hours after getting home I called with a question and was told he's to busy to talk to you but will call you back....think he ever did?
As they should. Otherwise they would fail and serve no one. A company is only beholden to the people who own them. Work for yourself if you feel different. I have for 40 years. Ain't rich but not beholden to any one else.
So start a company that " cares " Also, do you want your retirement investments to experience " growth and profit. " ?
I’m shocked…. That employees actually thought that a big corporation actually cares about them …. 🤣
that's what mommy said ... are you callin' my mommy a liar? I'm calling HR ... you must be some sort a racist ... or white supremacist or somethin or sexist maybe
Yeah these guys are just being soft any company doesn't matter how big or small... all that matters is profitability
😁😁😁😁😁👍
Yea, people are so naïve.
Right its like saying uncle sam cares about us
I'm in a legal battle with them regarding a vehicle I purchased from them last year. They don't care about their customers so it doesn't surprise me that they would treat their employees any different. I'm sorry for the employees & hope they find a better opportunity.
Buying from them is like buying a car on Ebay. Except on Ebay you will pay 30% less.
file a claim against there used car dealer bond, but you have to get that information for that state
u gotta b crazy to buy a car from them lol.u won't win tho
You bought a car online. In person car dealers can be giddy to get you off the lot in their used car because of what you don't know about it... now your buying it as is based off just a carfax and maybe some pictures
You bought a vehicle from a vending machine. What did you expect ?
One thing I've learned from working for corporations for over 20 years is NEVER NEVER EVER be loyal to a corporation! You're just another number and you can easily be let go!
Carvana is a shady company. What ever happened to them not giving car owners their titles?
Dan bruh I didn’t know that hood thing they are out of business
You'll own nothing, and you'll be happy.
@@juliepiemonte1281 too soon man
Lmao
@@claytonelofgren NO. iT'S Happening right before your eyes, every single day. LOOK.
Never, NEVER, ever buy a vehicle from Carvana.
I can't understand why anyone would buy a car sight unseen, but Carvana is the worst.
They have on several occasions failed to deliver vital documents to buyers, so said buyers are unable to register their cars, have no plates, and can't legally drive them.
Carvana has sold damaged vehicles, in some cases with bent frames rendering said vehicles totaled as they are unsafe to drive, without disclosing damage, even knowingly hiding, altering CarFax records.
Carvana has delivered the wrong vehicles to some buyers, has been found to be rolling back odometers, and having other major infractions.
Had a friend purchase a Dodge truck only to find out a year later the vehicle had been lowered and lowered incorrectly- never disclosed in the sale agreement $6000.00 grand later his truck is back to stock. Carvana sucks worse then a dealership.
But caravana does allow test drives and inspection.
doubt they alter carfax lmao
I got a car from Carvana last year and had a great experience, far better than what I went through at a pre-owned car dealership or buying off Craigslist... They also allow 7 day no-question return if the car isn't what you wanted. Not really trying to defend any of the shitty practices they've been caught with, but you will literally find the same issues everywhere in the pre-owned car marketplace. Pick your poison I guess.
Hell i won't buy from a real dealer face to face. My coworker just got "boned" on the car she bought. The transmission failed 1 week after she bought it {3600dollars later} the dealer said no we are not going to pay for it. I would have got a lawyer, no it did not qualify for lemon law though it should have. Don't trust those shady lying one step down the food chain under a lawyer nuts pieces of manure. Buy from a individual and have a mechanic check it out. 100 dollars is way better than 3600 to see if it is a rip off.
It’s the world we live. Most all public trade businesses can say “ they are about the people or “ the employees are a family” but at the end of the day they are a business and they will do what they need to in order to stay viable. Laying off sucks, been there. Just the way it is. Hope those people land on their feet a find a better paying job.
I couldn't have explain it better without having to write a book about... Well a few topics mainly businesses, of course finance and investing wisely and then of course lastly comes political decisions and choices you make. I don't mean to come across or sound cruel mean or insensitive because being laid off like Chad Baxter touches on, YEAH of course it sucks to be laid off. However and I'm not trying to fully defend Carvana, as I have no affiliation whatsoever with them but come on Mr. Sergio Silva, you were gifted as you said 23 shares...
GIFTED!!! ONCE WAS WORTH $2,300 AND CURRENTLY $900.
BIG WHOOPIE!!!
Not only did you not pay for those shares it was a gift as you know as you stated and you're getting one month's pay without having to work! The reason why I stated political interests and stuff is cuz I'm guessing Mr Silva voted for Joe Biden and should stick with his decision and expect to receive government checks free handouts as he got not only from carvana but your current socialist administration that more than likely many you and your constituents voted for!
Big businesses/corporations don't stay afloat and make profit by continuously GIFTING !
THIS REALITY OFTEN DOESN'T SINK INTO THE AVERAGE JOE THAT HAS NEVER EVEN TRY TO START A BUSINESS.
💪😎✌️
The world we live or the world we accept?
No one gets rich by working for someone else. Too many people are out there looking for that "dream" job. If you want security it isn't out there, anywhere. If you want peace of mind start your own business. You're more likely to get rich that way. The other way is win the lottery. And even if you do start your own business there is still no security. That is just reality, not some corporate scheme or government failure.
@NomadBachelor I get what you're saying. I am on my 3rd business. The 2nd one was very successful but not a big business by far, just 8 employees. I would let the employees know when things were tight but I never told them when it was critical. It only was twice, once in 2005 and once in 2008. I borrowed, sold stuff and didn't take a salary both times to get the company through. But I was close to laying a people off. Unfortunately we only hear about the bad companies and Carvana is one of them. The thousands and thousands of companies that do the right thing never make the news.
This is exactly why if you work for a living a company is your adversary. They seek profits while you oppositionally seek a living wage. When interest’s conflict as they do in this system you have to look out for yourself.
Carvana execs also blamed "supply chain problems?" Weird because that is actually what helped their used car market in the first place.
Imagine that. Create a car marketing scheme that appeals to today's generation and it fails.
It was a positraction scheme instead of a ponzi scheme. But it still spun out.
yeah...smacks too much of Uber/AirBnB....trendy stuff that won't last and by golly....!!
Who, in their right mind, would buy a car without test driving it and finding out all the details about it? NEVER trust anyone. Trust is something that has to be earned and should never be given freely.
@@mshappyapple8663 I blindly trusted 3 ex girlfriends. That didn't go well either.
Top comment here. I’ve been saying this for years they would fail. I’ve shorted this stock over the past two years. Lost big on the first one even when reporting a missed by a lot. The last two months have been a ride for sure making it all back ten fold.
Damn, that's cold. Won't even allow them to go back to the building to get their stuff. 😬.
That's absolutely become common place just about everywhere. Why would they allow disgruntled employees back into the workplace? If they had and someone went postal, everyone would be saying they shouldn't have. What isn't common is 4 weeks severance on a mass layoff. That's very generous for a company with plummeting stock prices.
If you listened to the story, their stuff is being shipped to them, so they're out nothing.
@@robertl7239 I'm sure stuff will come up missing
@@interceptingfist5682 I was thinking that too.
With Zoom, its way easier to fire people. This was the danger of work from home, you also get laid off from home
Even IF a company truly cares about you, they care about the bottom line more. Build your skills, increase your education, practice your interview skills, and so on. Do your best to make the company NEED you. That will increase your odds of avoiding a layoff. But even if it doesn't, all that effort will pay off at another employer.
lol company brown nose over here
People need to go back to school for a skilled and licensed trade or degree in health care, tech, or teaching (but only teaching in a strong union state). Carvana is known as a bad company,
Agree bro very true
@@fremontpathfinder8463 noooo you are not getting it. Corporations are trying to replace all the jobs with rebots. It's not the customer service jobs, it's all jobs. Surgeons, engineers trade jobs.
@@bmurphy386 *Employed* Company Brown Nose 🤣
Funny how Carvana doesn't include not getting clean title to their buyers as a reason for their failure.
Shares down ~90% with new acquisitions raises red flags with me. Damage control or is somebody cooking the books?
Look where they put their money next…. Car auction company
Soon we will be able to buy cars and homes at auction because everyone will be broke
You guys should see how they hire young guys with little experience and pay them almost minimum wage to do the "multi-point" inspections, it's terrible
Imagine that… a company that wants to sell you a car, sight unseen from your couch with no salesman or even phone calls, doesn’t care about its own people and employees…who woulda thunk it?!?
and the buyers of this junk are corporate cubicle clowns exercising their poor judgement ability at the companies and government agencies they "work" for no mystery why america is going down
Exactly. As flawed as the old model is, this vending machine model leap-frogged the box stores in dehumanizing retail.
Selling potato cars to coach potatoes since 1894
Please help me to understand , these people are making a significant investment and don't want to at least kick the tires before buying? Must be the same crowd that uses Door Dash and Uber Eats
What's worse than Carvanna selling cars unseen or driven? People stupid enough to buy a car they haven't driven.
Carvana is literally banned from doing business in Illinois. That tells you everything you need to know about the business which is why I'm not surprised they would pull a dick move like this.
Has the money to spend 2.2 Billion on a company… and lays off 2500 on the same day. That’s the biggest slap in the face I ever seen. Laying off due to poor performance is one thing but having the cash to buy out a company for billions while laying off is just disgusting.
So start up a company and do a better job.
Who cares they can go work at McDonalds. That's what they get for not investing in their own careers.
Ever think that the new company beings on duplicate workers? Would you be better if they laid off people from the company they bought ? ( the auction company is Adessa )
Yes! They probably can automate their jobs? JS 🤷♂️
@@ChickenYale Wow! Tell me you lack empathy for others without telling me you lack empathy for others? It says a lot about your character to go out of you way to demean others. Kindness cost nothing. This is part of what's wrong with us as a society right now.
I get the feeling other companies will follow.
bruh all companies do that already. i think you and many today including guy in the video with the blue shirt. Companies unless stating are FOR PROFIT! which means their goal is to make profit (more money). How, that profit is made every company has their own ways and DOING MORE WITH LESS PAID HRS is possible why not? If you cant understand or rationalize that logic then thats fine. but you dont belong in business nor its affairs. With that been said, a lot of companies lose money in overstaffing and not having them do anything. So they cut those outs. No company does it personally, nor out of spite, or any illegal reason. Its just business. So you cant blame carvana or any other company that follows or already does. You make your business or company to get rich, youre gonna have to make choices that will affect how rich your business makes you.
When I lost my job about 15 years ago, I was making over 100K. I was stunned and did not see it coming. At the time, my wife had good pay and medical benefits. I decided to start my own company. That decision worked out very well for me. Had I not been laid off, I probably would not have started my own business. So, I'm actually glad I got laid off. It was scary at the time. I was able to make lemonade out of lemons!
The inspiration i needed
Nice 👍
What kind of business?
@@stevenmorris2293 I travel around the country providing technical services on sophisticated PCB optical inspection equipment. It uses 15 CCD cameras feeding 24 processors. I don't have any employees. I charge $180/hour when I'm there and $90/hour while travelling (plus expenses).
So they laid off 2500 ppl, 12% of their workforce which is about 1 in 8 employees. Which means they had 20,000 employees before the layoff, and have 17,500 employees left. Seems like this company grew too fast.
Four weeks of pay severance is very generous
Hopefully the gentleman in the video will use the time and money to... well.... Clean up and dress appropriately for work. It costs nothing to remove the tongue piercing. Best place to start. Yes DFV, 4 weeks is extremely generous !
Yeah some places don’t give you jack shit
@@Evil_pinata Most ! Absolutely rare to get any severance at all !
Yep
Depends on what they made.
Unfortunately, Companies don't give a rats ass about employees. It's all about the bottom dollar.
It's real sad that Carvana miss handled the way they let go of their employees. And once they start hiring again, they will have no issues getting people. Unfortunately, this is life.
How did they miss handle letting them go? The company is not there for the employees, they are there for the company. They don't want them on the property after termination, especially 2500 of them. Cruel but true.
@@waynecory6101 MISHANDLE
Actually, they might go down hill just because of the way they handled this layoff. Good workers will avoid them and they'll attract bad workers. Bad employees are the downfall of businesses, especially since they also seem to piss off a good part of their customers.
@@waynecory6101 "The company is not there for the employees, they are there for the company." Oh, what a sweet thing to say. 🥰
@@awapuhi9 I know it sounds cruel,But that's how business operates. You're an At will employee, if the employer decides to downsize, people get terminated. Your not a contract employee like a doctor or lawyer.
This is the beginning of the end for Carvana. Local car dealers everywhere are loving this.
Most people who are smart just realize buying a car "sight unseen" is just a very very bad idea. I feel so sorry for anyone who uses Carvana.
Im not going to back up carvana, however, most people basically do this anyway.
Carvana, is actually a much better idea than a typical dealer lot.
I say this because your a bother if you wanna drive the car to much, or do this or that, or take it to ur mechanic.
I can buy a car (technically the sale is pending for 7 days, n they absolutely hold true to that time frame) take the vehicle to a detailer to have them check the paint, take it to a mechanic and have them look it over, all while not being pressed by time, 7 days is plenty of time.
They will return the vehicle. They will take care of the customer in most regards.
If i buy from a dealer, they will say everything is good. The last owner was an old guy who barely drove hard. Blah blah. N lie till they get the sale.
There used to be much better vehicles at bigger dealers n then little small shops got the left overs. Now, its all over priced. N you really need to do u due diligence as everyone is looking to rip us off.
1 thing carvana has going against it, is they do a shitty job inspecting vehicles. Not even them, but the shops they own or hire to look their vehicles over before sale n do required work, they absolutely suck. They are ripping carvana off, for a fact.
I got a vehicle that stated the air filter was changed, the vehicle was cleaned (which is actually the people's job that ships them to you (i.e. the roll back driver n in my area its a fat lazy guy who looks like hes never washed his own vehicle).
Point is, the fact that i got a vehicle and i was able to tell the previous owner of it was a nasty slob, is the reason they didn't get a sale.
The vehicle needs to look like there was no prior owners
@@todtalk3912 talk about a "run on a sentence"
Take Care!
@@thewiseguy3529 i broke it up into little paragraph size run on sentences
Usually its all one
So be happy that I made it legible
So your little brain can't figure it out
One thing about me, i dont care if something is spelled or pronounced correctly, why? I already in my head do the correct and understand what someone meant
Point, I dont correct people or attempt to because it doesn't make you seem smart, it amkes you actually seem stupid
Especially if its something obviously incorrect and ypu are not currently teaching That is the only time when a correction is warranted
ALSO, I went back and removed all of the periods lol.
Bought my car with caravan in 2019. It’s a great car and everything was exactly as they said it would be. Best car buying experience of my life. But not everyone has the same experience.
The sooner they permanently close the better. They hsve ripped off so many customers and repeatedly break the law with illegal temp tags and no titles. It's a criminal organization that the ceo needs to be in prison.
I wouldn't know where to start buying a car from them, are they really Dispicable greaseball shysters.
You mean just like his felon father who was involved in the savings and loan scam back in the day?
All companies dont care… anyone under a payroll is dispensable. Employees are all investments.
Bingo. It's been that way since the exsistance of employment. The gull of a company to want to be profitable. 🥴
The number one mission of every company since Biblical records show is to remain profitable and reward the owners to offset risk. If some choose not to take risks and own a business that's a personal decision. They also suffer the economic results. Companies don't have feelings. Never have. Never will. When did people start believing this lie? Quit taking the victim-stance and start watching YT vids on side hustles which most people should have been doing to buffer their personal economic safety. If you are a great employee who lost a job, sell life insurance and earn what you are worth!
the only thing that public companies really care about is the shareholder.
I'm so angry at everyone who bought cars from them... enabling them.
You can be mad at me, I loved the vehicle I purchased. It's paid off within 12 months.
I feel like consumers are partly to blame for purchasing vehicles online. Buying a pair of shoes online is a hassle when you have a problem. What did you think would happen when you purchased something large and expensive? Who do you expect will fix your issues when you don't have a brick and mortar location to reach out to?
Be careful, the millennials will call you old and out of touch with that kind of logical thinking.
There is no way to be fired that is fun, this is what happens in life,.want job security? work for yourself and put in the 80 hour weeks.
Absolutely!
Well spoken my state is trying to pass laws you can only work 32 hours a week .
Lots of landscaping work out there. For your own business or for a company. Landscapers are "essential" I'm told.
Exactly, glad someone said it.
Cool so take your lack of capital and do what with it? And work every waking hour 5 days a week, sounds healthy and feasible for most people yeah
How do you sell someone a car and not give them the title to it
I am going to be up front, I am a used car dealer; our family has been in car business close to 100 years and I am not going to throw any stones at them. What I am going to say is that I believe they have a flawed business model, they also own Drive-Time, a huge used car operation that is mostly for credit challenged customers. The "vending machines" are cute but does nothing to add value to the end user. We have been on the same corner for thirty five years and while we sell fewer cars we have steady, multi-generational clients, we also own our own mechanical shop. I hear a lot of complaints about the "buy-back" process and how it works, if at all. The $$ they are still spending in the Orlando TV market is amazing. Used car prices are hurting everyone. Cars I bought on average of $3700. last year are costing us $5300. I admire the Garcia's they have vision and guts, the market is just working against everyone. I thank goodness that we have a service department which we do well with. If we sell 80 cars this year I will be satisfied, we are a debt free company. Debt imho is going to be the death of the "corporate" used car chain.
I recently bought a car from Carvana. Paid $450 to have it shipped to me. When it arrived the entire front axle and shocks had rust all over them, none of which was pointed out on the vehicle’s hotspots when the car was purchased. My mechanic recommended a $500 replacement of some joint. The shady assholes refused to cover the repairs for the car. Do not use Carvana. They deserve to fail.
Your employer doesn't owe you a job. Unless you're in a labor contract your employment is subject to change at any time.
I’m glad you solved the problem
Ya he does!!
You're good with this as long as it doesn't happen to you!?! What a shallow person you must be.
@@davidbell8215 no he’s not shallow. He’s just an adult. Unless you grow up and understand reality, you’re in for a shit life, son. Enjoy.
@@davidbell8215 does it make me shallow or does it make you unrealistic for expecting continuous employment? What's the word for people expect things not promised to them?
These companies need to understand that people are tired of price gouging. Used car prices almost doubled. They are not worth that much and people have to pay higher rent, food, and utilities. Good riddance to these greedy companies.
Exactly!.Good riddance is correct!.💯👍
And when you sell your car / house you want the highest price right?
Thank biden and this worthless administration . Stop voting democrat
@@bobroberts2371 we don’t control the sales prices. You can’t go so high on prices that no one will buy or can afford to buy. Businesses are going under because of that.
It's called supply and demand. The cost of new vehicles and a shortage on chips forces the sales of used vehicles to go up. Which causes the supply of those used vehicles to disappear, allowing room for price gouging due to availability.
I would not buy a car from this company. I’ve heard several stories where they lost their license to sell cars in a state or two, at least in part to issuing temporary registrations from different states because they don’t have or can’t get a title for some reason.
I hate that eyesore “car vending” machine off the freeway. Monstrosity.
Wait, are these people really complaining about being laid off on zoom, while receiving at least 4 weeks of pay after doing so? Grow up, quit crying, things happen. They owe you nothing just as you owe them nothing. Now take you severance pay and find another job. There are a TON out there. Getting laid off is never fun, but who makes a video complaining about it?
For sure!
What's sad is how many people that don't realize this. I think many people think that they should have all been called in together even though these people work all across the country. Also, there isn't a large company anywhere that would allow disgruntled employees back into the workplace after being let go. They did everything right IMO during a difficult process.
@@willdozerjenkins8250 he will probably become a kindergarten or first grade teacher.
12% is pretty high for immediate layoffs
Well when carvana expresses that they are employee based. That your job here is baaically secure as long as you do your job. Offering a carrer path for people to follow and then out of no where get layed off . Of course people have right to be mad espically how it happened. so dont look at it from just oh it a job find another
I had a poor experience as a customer so I could only imagine an employee.
Bet The Workers Felt Like they were Gaped Open n Snot Rocket 🚀 Blown in Afterwards.
Another example of how every business works in America. Then when people say I’ll pass on working, companies wonder why no one wants to work anymore. This is standard. Either you get fired, outsourced, or pay lowered because the companies are only out for one goal to make the most money even if it’s only a dollar they’ll throw employees away. It’s sick
That's the truth, I went through this with sears,if you were full time employee, they wanted you to work till the last days in order to get your severance pay, wasn't worth it😡
Employees are like tampons to big businesses, disposable throw it out and get a fresh one.
The difference is that this company is useless. It's a car vending machine. 😆
Shocking to hear companies in business to make a profit. When profits stop coming in they have to let people go? This is beyond any sort of reason.
T r u t h.
People have experienced layoffs for decades. Nothing new to see here. Still amazing that employees feel owed by the ownership regardless of the company's financial issues. It is a business...plain and simple.
Means more work for the employees that are sticking around with no pay increase. That's how cheap big companies are nowadays
Never, never "buy" the company's line of how special you are to them!
Without exception, the PRIMARY goal, of any enterprise is to MAKE MONEY NOT FRIENDS!
Hard lessons don't come easy.
Bitte...
Exactly, and if they tell you in the interview that "we're a family"....RUN AWAY. You have a family at home, you're looking for a job to take care of them!
What do you expect from a "concept" company selling cars? I'll bet most of the employees would never buy a car from them, but then expected the jobs to last indefinitely.
My Lawyer is sueing Carvana for 100K in damages.
FRAUDVANA
I highly doubt the executives will truly give up their salaries for the year. And it wouldn't even matter if they are billionaires
they made billions in profit last year alone. they went from living comfortably to living comfortably, while thousands of employees went from living paycheck-to-paycheck to scrambling to figure out how the fuck they're going to pay rent and care for their family. the executives here make absolute dumbass financial decisions, then claim no accountability and take out their loss on innocent employees who had no say in their shit decisions. they think it's a good investment to fuck over the people whose work puts money in their wallet, and to do so while the company is already tanking nationally. they clearly only think about their own $$$$$ and where/who they can exploit next. no long term plan - just cash now or fuck over the people who made you rich. Ernie himself is easily the biggest bitch of all because it was his daddy that made him immediately rich, but billions in inheritance wasn't enough for little rat man.
Lol right they give up a couple months of pay like what they invested from the first couple months isn’t already getting them that
Yeah!.. that’d be the day.. they don’t even want to pay any taxes.
Billionaire’s 😆 not with $36 a share.
I can just imagine these "executives": All under 35, MBA's from some obscure on-line "university", Gym membership is the most important perk to them, trophy g/f's that stick around because they believe their BS.....
Wait a minute…the company gifted him stock that dropped from a value of $3200 to $900… which is a loss of about 65%…and he doesn’t understand why he was laid-off?
He does wear a tye-dye scarf on top his head.
When was it ever at 3200
It did go from 316 to 30
@@ericp4573 he doesn't say how many shares he had, just the total value
I think he might understand, But that doesn't mean the company did it right.
Carvana seems horrible. I worked for CarMax for 3yrs and let me tell you, that is the best company I've ever worked for in terms of employee treatment and appreciation. I left to join the trucking industry but if I could I'd go back in a heartbeat! Fun and loving culture there!
Edit: They also paid us while we were furloughed during the pandemic and when we came back the gave us bonuses from Trump's corporate tax cuts.
Class A?
@@ericg.1571 Yessir! I transport products to Home Depot stores.
@@liveinthesky3118 nice how soon after getting your license did u land that gig, sounds like good money lol thinking making a change myself
@@liveinthesky3118 working on my cdl as we speak bro!! how much do you make weekly if you dont mind me askin im at harbor freight getting about 1000 every two weeks its hard for me paying rent on my house i tell ya
@@ericg.1571 Driving school was about 2 months then I started out doing 48 state reefer. I switched to my current company after about 3 months. Been here almost 2yrs now.
I worked in middle management and received stocks in lieu of pay in the begin of the company formation. When the peaked 9 mos ago I cashed out! Ca’ching me and others made out ! Adios Crapvana !!
The economy is blooming, isn't it? Big fat lie.
Lie it is (in a Yoda voice)
@@itsamadmadworld7524 becuase hard workers get killed by criminals and I’m talking about the Taco Bell worker that I saw in the news
Used car sales are down 35% eveywhere. Did you miss a memo about the shortages?
@@allaboutroofing2 sales are down but prices are up. How do you think they made all of this money?
@@abimaellopezmaylord27lopez7 I hope fast food workers get paid $20/h. They are people too, and they need to pay their bills. They don't have to work a few jobs to be able to just live. That's shame, and, unfortunately, this is America.
I simply sold my car to them and they made two extreme errors in paying me properly. They've dragged their feet since February and it has still not been resolved. Shady, shady, shady.
Stop crying about being laid off, millions and millions of unfortunate people were laid off and eventually lost their job. Thank god for your health and go out there and look for another job, it is not the end of the world to start crying. Cheers
🤣 bought a car auction for 2 billion on the same day
Carvana is Joke ...!!!
Caravana needs a better manager
Good, they got what they deserve. I see their prices are $5k to $10k more than the market average for the same model of used car. Don't ever go there folks it's a huge ripoff.
Carvana has alot of problems, from not being able to provide clear title to customers of cars purchased because they turn out to be stolen, to sticking new customers with lousy lemon cars hoping that they will just accept them and and not complain. Some customers said they had to fight to return two lemon cars before they got a decent one.
Yeah because this company is super shady
I can’t remember the details but the State Of Florida was very close to suspending Carvana’s license to operate in FLA.
Going to revoke their Florida "state certified agent" certification from them? Florida likes giving them out.
You can tell he really loves his job, I feel so bad for the 2500 employees that were laid off.
From an HR executive, when you start hearing and seeing behavior from your management team that is out of the ordinary, update your resume. Labor makes up the major part of any organization, when profits aren't meeting their forecasted goals, the organization cuts it's most expensive cost, labor. Organizations are not social services, they run on profit and labor is only important when they insure the organizations abi!ity to meet it's projected code. Organizations are not your friends
Could not agree more. I was a supervisor there and left literally a week before this happened, and my manager left the same week. everyone who reported under him, some 200 people including 6 other supervisors were all laid off. my team was laid off. I saw it coming with how little volume we were getting and trying to get people to take unpaid time off
My HR officer, when she put on that hat, was not my friend either. Never confide in HR, people. Close relatives of lawyers.
@@Cham91uke Thanks for the anecdotal confirmation update on how inflation is tanking demand and flattening the real economy. Albeit, that Carvana wasn't all that real. But used cars are. Suspected this capitulation for some time.
Fed won't get the credit it wants for causing the Recession, cause yet again ... they're late to a party.
@@Cham91uke That's interesting because they are hiring in Tempe, AZ.
Eventually Carvana is going to terminate 95% of ALL its workforce. Prepare for more terminations everytime Carvana spends big money.
And businesses wondered why it was so difficult to find workers. Here, CEOs, VPs, Managers....this is a good hint as to why. Stop screwing over the employees. Pay better, stop micro-managing, and give employees way more notice when trouble is brewing.
I hope Carvana is listening. We live in the U.S. not Russia.
The problem is they dont owe you answers because they dont "need" to care about you
@@vmtl4659 People aren't taking their crappy jobs, and the businesses are bitching about it. Working out real good for them "not caring about you".
That’s crazy! They can’t afford to pay thousands of their employees but have plenty of money to blow on buying other businesses and useless car elevators. Shameful.
layoff via zoom has become the break up through text of the corporate world
Damn kind of harsh. College is a bad investment for most people, but I am so glad that I went and obtained a career in nursing. I don't know if it'll be around forever, but people will always need someone to help care for them.
Some people couldn’t care less about going to college for personal enlightenment, they’re content with basic high school level education.
@@barano9729 agreed, but I'm also saying that these kids in this younger generation or coming up with more clever ways to make money. If they can do that and not might be best
Going to college saved me from having to go through this and being laid off has happened to me twice.
@@kepop98 I'm with you on that. I don't think college is a mistake for everyone, but I feel like so many people end up paying for degrees they can't use. That to me is sad, and if anyone should have their student loans forgiven, it should be them. You shouldn't have to come out of college worse off then you were before.
@@31284502 They pay for degrees they can’t use because instead of going the STEM, Finance/Accounting, or skilled trades route they pick easy degree programs like Communications. Then they come out into the real world where those similar degree holders have already saturated the market.
What a "SLAP" in the face to those dedicated employees!
I "HOPE" that NO-BODY BUYS A CAR FROM "CARCRAPA" EVER AGAIN!
Speak the Truth
I've heard so many bad things about this company. From them not registering cars in a timely manner to not being truthful and upfront about fees.
Ppl are a little naive. Don't expect companies to go out of their way to comfort laid off employees. Focus on moving on instead of criticizing.
When these execs say they're "giving up their salary", I hope the IRS checks their claims properly, because what could actually happen is that they just transfer their salaries to benefits whilst enjoying a nice tax cut from saying they earnt no salary for this yaer
exactly
They pay taxes on those personal benefits. It's not a simple shell game or nobody would take a salary.
It's not a tax violation if they don't, just unethical.
Right because these companies hardly ever pay taxes and the IRS is always coming after people that live paycheck to paycheck. Even if you owe and have a installment agreement with them if you have a refund they will still take your money. So stupid and disgusting . But when they owe you it takes forever to receive money from them .
So sad hope everyone stays strong. You will find that this can open more oppurtunitys for you dont give up :)
There will always be vulnerable people. It surprises me how people would want to buy vehicles that they can't physically see. Who would you blame if you have paper and delivery issues of the vehicles?
Never thought I saw the day when we were buying cars from “vending machines”
Wait till you see the day a robot truck platoon is trying to run you off the road.
Company can grow too fast. Then employees suffer when it's time to adjust to reality.
FYI - No company is about the people. A companie's reason for being is money. Thats all.
I honestly wasn't surprised at their stock did drop. There was a time when there were hiring truck drivers like crazy during a pandemic. I almost started to work for them but I decided to go another route. Then they called me but I just noticed that they started to get sued a lot so I said f*** it. I won't f*** with carvana.
Same thing that happened with Zillow, relying on their algorithms to purchase homes
This place is a scam
I feel like Carvana is gonna be a thing if the past… Mark my words
That is crazy man. Aint no one buying cars like that
I recently bought a car from there I had a great experience. I bought a 2019 corolla and took it to a shop for inspection and everything checked out. Low miles and in great shape is all I can ask for. I know how reliable these Toyotas can be 👍
Get a real job where you don't sit at a desk all day you'll never have to worry
Nailed it! Learn a trade!
Three corporate layoffs and I finally had enough. I entered HVAC/R and I love all the gadgets. It's a fun career.
Forgot about having to present yourself appropriately for a job..... Bathe, shave, haircut and remove the damn piercing man !!! Free stock and 4 weeks severance pay ! Entitled child .
how mmuch is the hvac school? do you went to UEI college?
I have a desk job.. its a real job.. love it
I heard carvana was selling cars without titles a while back & people were sueing them
This is 100% true. There were multiple stories of this happening across the country. For that reason I will never buy from them.
they still do this to this day.people are simply clueless
What a statement from an employee, “ We have built a great company culture”, that’s the problem, the employees have a great company culture, but the corp executives have a completely different culture. This company is a great example of stock value, not smart business value my guess is they will BK before the end of the year and close or have to reorganize the current business model has proven it doesn’t make money..The company has moved past the retail side and is going for the Wholesale side of the auto biz.
They already just bought a car auction company ... that's an age-old corporate 'slough off your new body and slip into an old skin' trick. Tells you where their business model is heading.
"... I came to carvana because I thought they were different..." It's a company. No company "cares" about you. I'm not saying companies and corporations are "bad". No, not saying that by a long shot. They have to do what they have to do to stay in business. Making you feel "special" is how they keep employees and keep them happy. They don't have to keep you happy when they fire you, so of course the experience of being laid off won't be the same experience of getting hired. With this company in particular, they simply stuck a bunch of fancy buildings onto the old platform of selling used cars. So, there's more that goes into building and maintaining those buildings than a typical dealership. Even if you order online, you're still paying for the price of those fancy vending machine style buildings they're building and everything it takes to maintain that. Add to the fact that a growing number of people aren't getting titles or tags and now, even though as fancy as they try to make themselves look, they can't hide the fact that when it comes to the basic model of selling used cars, this company is full of too many execs that have never been in the business to know what they're doing. You can't reinvent an industry if you don't know the industry. I have never purchased a vehicle from them and never will, and I can't imagine anyone dumb enough to spend extra money to support giant vending machines.
You can't reinvent an industry if you don't know the industry?🧐🤣🤣🤣🤣🤣 Where did you get that nonsense from? 😂😂😂😂🙄😆 . I guess the guys who created PayPal, ebay, Google, Uber, Robinhood, , Stripe, Airbnb and I could go on and on and on, were vets of those industry and not just smart people who did not ever worked in those industry! I don't remember, the Elon musk being a finance major or working in the finance industry or Larry page working in the search technology industry beforehand, or kalanick owning a cab company, but, if you say so Mr genius
@@bjvu9460 Leon "Elon" Musk is a make believe person. As fake as his "penis shaped rocket ships" and their fake launches with fake "spacemen" inside of them. Don't forget the fake "self-driving" cars. Tesla?....aye bahboo!
@@bjvu9460 Since you're clearly a remaining employee of Carvana, tell me, why did all those companies do a much better job at the industries they entered compared to Carvana? Why is this company failing so miserably when all it had to do was sell used cars? What is so hard about getting people the title to the cars they paid off? What is so hard about not selling used cars that have been reported stolen? What's so hard about delivering a vehicle without dropping it off the back of a tow vehicle or letting it roll into another parked car? With all of your fancy giant vending machines, something no one cares about, why hasn't any money gone into AT LEAST providing a system where you all can keep up with the titles so they don't get lost?
Ok, so, their business model was taking out the dealership and the labor out of that equation as well ... what did their employees think was gonna' happen?
This is a total metaphor for millenial age 'entrepreneurial' algo-online low-hanging-fruit profit model rape of income(/living) standards. Snake ate it's own tail, as so many other Tech Models have done to the Real Economy past twenty years.
"Beam me up Scottie, there's no [value added] here!"
Glad people are finally seeing how shitty this company is I went for an interview I wasn’t even upset that I didn’t get the job ended up finding something that pays more anyways but the way they treated me it was ridiculous like if I wasn’t good enough for the job or something the manager was already talking down to me and I wasn’t even working yet or at all better said
Maybe you weren't qualified or up to their standards? Also, punctuation is a thing.
@@allaboutroofing2 no reason to talk down to anyone.
Your names couch mayne so maybe your couch potato self wasn't up to even their the low standards
@@allaboutroofing2 Yes, because YT comment section is dissertation punctuation worthy and auto populate doesn't replace correctly typed words...EVER.
Comment sections are 1 step up from scribbling while watching re runs.
Can't stand punctuation policing. It's rude.
@@BellaDrips punctuation, not grammar. Try and keep up.
Now how to repurpose those glass towers? Hard to easily turn them into anything else
Los angles homies. ?
Museum of Good Ole Times 80's Economy.
Back in January, I sold my Carvana stock for $237 per share because I needed some money. I’m so glad I did.
I bought some when was around 100 a piece and sold it in January also at 210. TY and F UCarvana
I guess "recent macroeconomic factors" would be one way to label " being shut down and investigated for fraudulent business practices in several states."
People, start your own business in a field that you know. I did and it was the best decision I ever made.
I sell items on eBay. I work when and for how long I want. I don't work weekends unless I feel like it. Most of the time I am finished looking for items, buying items, or getting items shipped by 1pm. I did this during the pandemic and still doing it during this hyper inflation time.
I have a friend who does the same thing....he's doing great....
He also buys storage units....large items go into a yard sale....smaller items go on ebay.
@@alfredgeorge317 👍🏽 Yeah man, Best decision I ever made. 👍🏽
You’re 💯 percent correct Joe!.✌️
@@leedaniels7196 We should start encouraging people to work for themselves. It won't always be easy but you can figure out how much work it will take. And then take the time to work on it. Or get in touch with people who are doing the same thing, that can help you figure things out. ,👍🏽
@@72Dexter72Manley72 I’m just getting into this whole thing and believe me the hardest thing was for me to convince myself first because I have to do it first and then convince others that they can do it too because they see me doing it.
I wouldn't buy any car out of a pie vending machine anyway.
I can only imagine other corporate companies doing the same thing
"Oh, you are corporate, just in different clothing"
I'm so entertained by the people who think they found a company or business that is "different" or "with the times." Here is a clue for those people: businesses are created to bring in money. They are not created for any other reason. The net profit of the business will remain priority over EVERYTHING. Accept that reality of life. It will never change.
There are countless jobs that will always be around. Some require little to no skill. They often have terrible hours, require weekend and holiday work, and very unpredictable schedules. I know, these are not popular career qualities for the people who think they are entitled to a Monday through Friday 9 to 5 job that pays 100K a year starting out.
Ok so I don’t understand, like if you’re opening more sites why tf are you letting people go? You’re gonna def need more employees so why not move them or offer if they want to move locations? Wtf is this shi
Because they have no value to the company. Best option for women is to find a good man and breed some children and best option for the men is to learn a trade and work with your hands. Just remember it’s not my idea but they want you to own nothing and be happy.
@@spok9180 LMAO
The construction projects were in the works prior to any of this crap going on. It is a complete restructuring of the company to attempt keeping it afloat through the supply shortages etc etc.
Thot they owe you nothing. This is a capitalistic society
When youll be in business then you will undersrand, otherwise go get a job at mcdonalds until you find your "dream" job or read a book get educated
It's so typical in today's work force, the mentality that the paycheck is already in the bank, so we all can be complacent and just keep it on cruise control and do as I please.
how in the world do people ever get the idea that companies are there for the people! companies are in bussiness to make money,not to coddle peoples emotions and feelings.
Sorry to hear so many lost their jobs. The whole planet is in a financial crisis. I hear car sales are off all over. I was a hairdresser 40 years ago, everyone got their hair styled, permed, cut, colored back then. Now people barely shampoo and wad their hair up in a rubber band. Times change. I hope these employees learn some good communication skills that they can take with them.
Sounds like you're celebrating our deculturalization and dehumanization.
You can't tell a company what to do with their monies, who I am to say don't lay me off?
I find it strange how people wants to "walk thier show and runs other people show" Strupes....
If it was your business would you cut your nose to spite your face? Businesses are not running a Charity...
It don't matter how much monies they're making it is not our business to make financial decisions for them..
Regroup your present matters and move on by God's Grace 🙏🏽
Paul had discovered the key that his contentment rested not on the circumstances that surrounded him, but on his security in Christ. In another passage, Paul asserted, “Now godliness with contentment is great gain” (1 Timothy 6:6)
@@awapuhi9 You're delusional
I haven't had my hair cut professionally in any manner since the 2008 recession took me down. In the 90's I went every six weeks when I had a family, regularly shelling out $125 bucks each visit at the time.
@@NowFaithIs31 Say you're greedy w/o saying you're greedy. LOL
I was curious about Carvana but they're off my list for any future car purchase. First the car title issue and now this s***. I would be too nervous about buying a car from them now.
they also have a history of giving illegal temp tags(out of state ones)
Although I have personally NEVER gone through this kind of experience in 45 years of being in the workforce, I can honestly say this story stabbed me to the heart. I mean really! Former Carvana employee Sergio Silva thought that Carvana was "different", that "they were about the people", only to find out that the company is "corporate", "they truly don't care." It was just the same "old bull turd", gift rapped with a beautiful bow on top. This is yet one more classic demonstration of what the "Good Book" says when it states: "Man has dominated man to his detriment"-Ecclesiastes 8:9. When you put your trust in humans, even in those who are well-meaning, you will reap disappointment almost every time. This is especially true when it comes to trusting people in power, whether it's corporate, political or even religious. Just sayin' folks.
Word!
this doesn't make his complaint any less valid if the company sold the tired "people first" ideology to their employees. People want to feel valued for the work they do and if all you get is lip service it can be a real let down when you finally get the truth.
@@jnb756 Look, they will tell you anything if they can get out of paying you more and can keep things running smoothly.
The company bought another company and said FU! To their workers. Typical business 🙄
Employers don't care their workers, I learn this long time ago, those cooperation despise their workers. Which is sad.