On November 18, 2022, Carvana Co. announced a workforce reduction of approximately 1,500 employees across multiple groups, including corporate, technology, and operations, to better match the company's size with the current environment. All impacted team members will have the opportunity to receive six weeks of pay plus an additional week for every year they have been with Carvana.

Impacted team members will also have the opportunity to receive extended healthcare coverage, pay equal to early vesting of certain previously granted equity awards, recruiting and résumé support, and continuing participation in certain other company programs.