KAR Auction Confirms Reduction

Posted: Updated:
KAR expects to move into its new Carmel HQ this summer. (Rendering provided by KAR Auction Services) KAR expects to move into its new Carmel HQ this summer. (Rendering provided by KAR Auction Services)
CARMEL -

Carmel-based KAR Auction Services Inc. (NYSE: KAR) says it reduced "a number of positions" this week. The company says the decision was made to "better align our operating model with our strategy and to position our company for a more global, digital and data-driven future."

The specific number of employees affected by the reduction was not provided, however a spokesperson tells Inside INdiana Business the move impacted approximately one-half of one percent of the company's workforce. The affected positions were focused around the company's corporate office functions.

"We are still growing, and there are areas of our business that will be strengthened and enhanced by expanding our workforce and hiring staff with new skills and expertise," said Gene Rodriguez Miller, senior director of public relations for KAR Auction Services. "We remain focused on meeting the needs of our customers and believe these shifts in our staffing model help position us to lead the evolution of our industry."

Miller says the company currently has 120 job openings in central Indiana that it is looking to fill.

KAR Auction Services is in the midst of building its new $80 million headquarters in Carmel. The company updated the project's progress in September, which you can view by clicking the link below:

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