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•2 years ago
What’s the bet they pocketed most of that money and then closed.
I_Miss_Daniel ( @I_Miss_Daniel@kbin.social ) 6•2 years ago🎵Look at the stars, look how they shine for you. 🎵
scmstr ( @scmstr@lemmynsfw.com ) English5•2 years agoWhen you are a leech of the people, you can’t be punished, right?
instamat ( @instamat@beehaw.org ) English2•2 years agoLeeches of the people get a pass, because they’re a sad ☹️
green_witch ( @green_witch@beehaw.org ) English1•2 years agoI 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•2 years agoI’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•2 years agoStock fell on Thursday, declared bankruptcy Friday.
falsem ( @falsem@kbin.social ) 4•2 years agoWhat’s their burn rate that they’re going bankrupt after 700M in cash?
zalack ( @zalack@kbin.social ) 4•2 years agoAt 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•2 years agoThanks for doing the math