On January 18, 2023, Vroom, Inc. executed a reduction in force as part of the Company's continued focus on reducing variable and fixed costs as company pursue its three key objectives of prioritizing unit economics, reducing operating expenses and maximizing liquidity, as outlined in company's long-term roadmap. Company reduced Vroom's headcount by approximately 275 employees, or approximately 20% of Vroom employees, excluding United Auto Credit Corporation, or approximately 13% measured across the combined Company . Combined with prior reductions, this reflects an approximately 50% reduction of Vroom employees and contractors (excluding UACC) since January 2022.