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Shift Technologies cuts staff by 30% in February

F&I revenue declined 56.2% YoY in Q4

Riley Wolfbauer

Used-vehicle online retailer Shift Technologies cut staff following completion of its merger with used-vehicle marketplace CarLotz in the fourth quarter.  San Francisco-based Shift closed its merger with CarLotz on Dec. 9, 2022, allowing Shift to expand its omnichannel experience and provide consumers the opportunity to purchase a vehicle fully online or in person, Shift Chief […]

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