The tech industry’s layoffs and hiring freezes: all of the news
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Vroom goes screech — laying off 800 workers and exiting used car sales.
While Carvana escaped its seeming plunge into bankruptcy and is now trading for $45 a share, the used car seller now has one fewer competitor. Vroom is technically still around but is now pivoting to just do auto financing and AI analytics for auto retail, laying off 90 percent of the company’s employees as it exits the used auto business.
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