Jan 13 (Reuters) - Carvana Co (CVNA.N) is terminating more workers and take other measures such as reduced work hours as the used-car retailer contends with weak sales, the Wall Street Journal reported on Friday. Carvana, best known for its automated car vending machines, did not immediately respond to a Reuters' request for comment. The demand for used cars has fallen over the past year as consumers opt for alternative means to commute in an attempt to trim expenses. That slump in demand has also forced the Tempe Arizona-based company to sell many used cars at lower prices. (This story has been corrected to say company is terminating more workers, not laying off, in headline and paragraph 1)Reporting by Nathan Gomes in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Source: Wall Street Journal January 13, 2023 23:22 UTC