Vroom to Lay Off 11% Of Its Workforce
E-commerce platform Vroom is planning to lay off 11% of its workforce, affecting around 120 employees across different departments and locations.
The company's decision to downsize is part of its plan to streamline operations and achieve profitability. The affected employees will receive severance packages and placement assistance services, and the company will continue to hire for critical positions.
The layoffs demonstrate the ongoing impact of the COVID-19 pandemic on businesses and the need for strategic decisions to remain competitive in a challenging macroeconomic environment.
