Chicago, Illinois-based Cars.com, doing business as Cars Commerce, a centralized data-driven technology platform that simplifies car buying, selling, and research, has announced a cost reduction program, along with process changes and vendor cost optimization, including a 11% reduction in force, to streamline operations and advance its marketplace strategy
The cost containment program will affect approximately 190 employees, including 38 management and executive employees.
Newly installed CEO Tobi Hartmann noted, “Better internal processes and a nimbler organization are essential to accelerate growth. We are grateful to the employees whose contributions have helped shape Cars.com into what it is today, and we enter this next chapter with conviction and a clear path forward.” Tobi Hartmann, the company’s new CEO, said in a statement.
Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?