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After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down (web.archive.org)

submitted 1 year ago by JCPhoenix to c/usnews

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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.

Original NYT link.

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[–] zalack@kbin.social 4 points 1 year ago* (last edited 1 year ago) (1 children)

At 30,000 employees that's only $23,000/person. I'm sure payroll alone is well North of $700M per year.

[–] falsem@kbin.social 2 points 1 year ago

Thanks for doing the math