Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
- Fizz ( @Fizz@lemmy.nz ) 22•1 year ago
What’s the bet they pocketed most of that money and then closed.
- I_Miss_Daniel ( @I_Miss_Daniel@kbin.social ) 6•1 year ago
🎵Look at the stars, look how they shine for you. 🎵
- scmstr ( @scmstr@lemmynsfw.com ) English5•1 year ago
When you are a leech of the people, you can’t be punished, right?
- instamat ( @instamat@beehaw.org ) English2•1 year ago
Leeches of the people get a pass, because they’re a sad ☹️
- green_witch ( @green_witch@beehaw.org ) English1•1 year ago
I know of at least one orange dude that just about nothing has happened to for what… seven years now? So yeah, guess it tracks.
- Synnr ( @Synnr@sopuli.xyz ) 4•1 year ago
I’m sure I can find it in the article but what kind of bankruptcy? Are investors walking away with bruises?
- wick ( @wick@lemm.ee ) 4•1 year ago
Stock fell on Thursday, declared bankruptcy Friday.
- falsem ( @falsem@kbin.social ) 4•1 year ago
What’s their burn rate that they’re going bankrupt after 700M in cash?
- zalack ( @zalack@kbin.social ) 4•1 year ago
At 30,000 employees that’s only $23,000/person. I’m sure payroll alone is well North of $700M per year.
- falsem ( @falsem@kbin.social ) 2•1 year ago
Thanks for doing the math