Massive Layoffs: Texas Car Dealership Goes bankrupt and Closes all locations. | That's interesting | NewsBreak Original,Off Lease LLC, a subsidiary of the renowned used vehicle dealer Off Lease Only LLC has declared its intention to permanently close its operations in Katy, Texas, Laying off 116 employees due to mounting financial difficulties. This announcement comes shortly after the parent company's decision to shut down its Florida operations, Laying off 466 of its employees in Florida and highlighting the broader challenges faced by the automotive retail industry.
Massive Layoffs: Texas Car Dealership Goes bankrupt and Closes all locations. | That’s interesting | NewsBreak Original
Off Lease LLC, a subsidiary of the renowned used vehicle dealer Off Lease Only LLC has declared its intention to permanently close its operations in Katy, Texas, Laying off 116 employees due to mounting financial difficulties. This announcement comes shortly after the parent company's decision to shut down its Florida operations, Laying off 466 of its employees in Florida and highlighting the broader challenges faced by the automotive retail industry.
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