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Home Commercial Lithia Motors Looks to Trim $150MM In Personnel Costs by Quarter End Despite Record Revenue
CommercialIndustry NewsPortland

Lithia Motors Looks to Trim $150MM In Personnel Costs by Quarter End Despite Record Revenue

June 12, 20241 Mins read3k
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In the heart of Oregon, two titans of industry find themselves on parallel paths of growth and retrenchment. Nike and Lithia Motors, both Oregon-based Fortune 500 companies, climbed the ranks of corporate giants in 2024, yet now they're tightening their belts through workforce reductions. Lithia Motors, headquartered in Medford, recently announced a "very targeted" workforce […]

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