In 10 Days, CarMax Will Furlough 15,500 Workers

Coronavirus claimed its latest corporate victim on Wednesday, when after close of trading on the NYSE, used car superstore CarMax (NYSE: KMX) announced plans to furlough 15,500 CarMax "associates."

"The unprecedented coronavirus pandemic," explained CarMax in a filing with the SEC, is necessitating "significant adjustments to staffing levels and other company expenditures."  

Image source: Getty Images.

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Source Fool.com