Barely two months after laying off 350 employees, including many locally, CarMax has just cut hundreds more jobs.
The Goochland-based used-car giant announced Wednesday an additional mass layoff of 230 workers at its corporate offices, including 113 based in the Richmond area.
“We have made the difficult decision to reduce Home Office and CarMax Auto Finance staffing by approximately 230 positions,” the company said in a prepared statement. “After careful consideration, we determined that the elimination of certain roles was necessary to reduce costs and operate with a faster, leaner corporate workforce.”
The company said those home office roles include staff based out of its West Creek campus in Goochland, its Midtown office at Sauer Center in Richmond and in Dallas, Texas. Its auto finance operation is in Atlanta.
Wednesday’s firings are at least the third sizable round of job eliminations by the Fortune 500 firm since the summer of 2024, when it let go of 415 employees, including 14 locally. In late October it cut 350, including two dozen locally.
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