TransportationUS

CarGurus Layoffs

April 2020

CarGurus announced a layoff affecting 130 employees (13% of its workforce) in April 2020. The company operates in the Transportation sector.

People Affected

130

Percentage

13%

Announced Date

Apr 16, 2020

About

CarGurus, an online car marketplace, laid off 130 employees last month, representing 13% of its workforce. The company cited the impact of stay-at-home orders, which forced many car dealers to close and effectively paused vehicle sales. Despite efforts to reduce marketing expenses and offer significant discounts to support dealer partners, CarGurus was unable to avoid these staff reductions. The layoffs affected all departments of the company.