A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida.Joe Raedle | Getty ImagesCarvana plans to lay off about 1,500 people, or 8% of its workforce, following a freefall in the company’s stock this year and concerns around its long-term trajectory, according to an internal message first obtained by CNBC’s Scott Wapner.The email from Carvana CEO Ernie Garcia, titled “Today is a hard day,” cites economic headwinds including higher financing costs and delayed car purchasing. He says the company “failed to accurately predict how this would all play out and the impact it would have on our business.”related investing news”Today is a difficult day. The world around us has continued to get tougher and to do what is best for the business, we have to make some painful choices to adapt,” Garcia wrote in the email.The lay offs add to a growing number of tech-focused job cuts amid rising interest rates, inflation and fears of an economic downturn. For Carvana, it also follows rapid growth but some missteps during the coronavirus pandemic to better capitalize on an unprecedently strong used-vehicle market during the coronavirus pandemic.Shares of the company were down 7% by midday trading Friday. Shares of C …
