# CarMax cuts 145 corporate jobs in third layoff round

> CarMax lays off 145 corporate staff as CEO Keith Barr pushes for leaner operations
- Title: CarMax cuts 145 corporate jobs in third layoff round · Pymnts
- Summary: CarMax lays off 145 corporate staff as CEO Keith Barr pushes for leaner operations CarMax's third layoff round in 11 months targets corporate staff to…
- Keywords: carmax, layoffs, corporate, keith barr, seattle, nfl, used cars, carvana, earnings call, revenue, business, finance
- Source: Pymnts — https://pymnts.com/personnel/2026/carmax-cuts-145-corporate-jobs-in-third-layoff-round-in-11-months
- Author: PYMNTS
- Published: 2026-09-21T23:20:58+00:00
- Read time: 1 min
- Topics: carmax, layoffs, corporate, keith barr, seattle, nfl, used cars, carvana, earnings call, revenue, business, finance
## First layoffs under new CEO
CarMax laid off 145 corporate staff as part of running leaner under CEO Keith Barr

> These changes will help us move faster and create better alignment across teams
## Third round in 11 months
CarMax eliminated 350 jobs in October 2025 and another 230 in January 2026
## CEO's mandate
Barr became CEO with a mandate to reinvigorate CarMax amid high prices and rising interest rates
## Digital transformation focus
Barr said improving digital car shopping experience reduces friction and boosts conversion
## Recent financial results
CarMax reported net revenues increased 6.2% to $8 billion in the most recent quarter
## Carvana's growth
Carvana sold 38% more used cars year over year while industry declined 4 points
## Key takeaway

CarMax's third layoff round in 11 months targets corporate staff to streamline operations under new CEO Keith Barr