Why Carvana's Stock Is Volatile Today
Shares of Carvana (NYSE: CVNA) initially rose and then were falling today after The Wall Street Journal reported that the company has been quietly cutting jobs and reducing some employees' hours.
Shares of the online car-selling platform company were down by 6.5% as of 11:40 a.m. ET.
In a new report today, The Wall Street Journal said that Carvana is cutting more jobs and scaling back the hours of some employees to 30-hour, four-day work weeks. The newspaper cited internal Carvana emails that showed the employment changes.
Source Fool.com
