While Carvana's financials are getting better, internal life at the company is getter far worse. What was once billed as a cool, tech job in a fast-paced disrupter with a startup mentality has become anything but. I'm sure they are still advertising this narrative, do not believe it.
Pay raises/promotions have been halted or extremely minimal the last several years, the only reason anyone is staying is the peanuts stock grants given at the beginning of 2023 have increased 30x since then. Benefits also continue to be stripped; first free health insurance, then remote work, then the cool "tech" office building, and even trash cans at your desk. Tech teams continue to get quietly laid off while management pretends nothing happened. And now, all employees are being forced to return to office 5 days a week in January, taking away one of the last common "tech" benefits we had. It amazes me how any of leadership can still pretend to think we are anything like Amazon. We already struggle to attract good talent due to low pay and the low (aka nonexistent) prestige of Carvana in the corporate/tech space, and these changes will only make that worse. The goals seems to be to will force out all the good (expensive) employees and find mediocre (cheap) replacements, and I'm sure it will work. Every day we look more and more like Garcia Sr's UglyDuckling and Drivetime (look them up).
The last couple of years we saw every single team member work incredibly hard to help save this company from bankruptcy, resulting in a 40x increase in stock price and tens of millions (or billions) in the execs pocket, yet there has been no gratitude shown towards the employees that made this possible other than fake awards and presentations. Exec is completely out of touch with reality.
Moral continues to be low and the only thing keeping most people around is the RSUs from 2023, once those fully vest there will absolutely be a mass exodus of talent at Carvana.